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1. A) What is the market value of a 60-day $5,000,000 commercial paper if yield of 3-month T-bill is 2.5%? B) Suppose you purchase the
1.
A) What is the market value of a 60-day $5,000,000 commercial paper if yield of 3-month T-bill is 2.5%?
B) Suppose you purchase the commercial paper in A), but after 27 days you need money and decide to sell it. What would be the price
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