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2. A corporation is planning to sell its 90day commercial paper to investors offering an 8.4 percent yield. If the three-month Treasury bill's annualized rate

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2. A corporation is planning to sell its 90day commercial paper to investors offering an 8.4 percent yield. If the three-month Treasury bill's annualized rate is 7 percent, the credit risk premium is estimated to be 0.6 percent and there is a 0.4 percent tax adjustment, what is the liquidity premium on the commercial paper

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