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2.You just bought a Bankers Acceptance with 165 days left to maturity.If you paid 98.360, what is the annual discount rate? 3.What is the CD

2.You just bought a Bankers Acceptance with 165 days left to maturity.If you paid 98.360, what is the annual discount rate?

3.What is the CD equivalent yield on the BA in problem #2?

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