Question
180-day commercial paper can be bought at a 5.20 percent discount yield. What are the bond equivalent yield (BEY) and the effective annual rate (EAR)
180-day commercial paper can be bought at a 5.20 percent discount yield. What are the bond equivalent yield (BEY) and the effective annual rate (EAR) on the commercial paper?
| Bond equivalent yield: | % |
| Effective annual rate: | % |
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor L Bernard
3rd Edition
0324118945, 9780324118940
