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3. An investor buys a $1,000,000 30-day commercial paper for $975089. The yield per annum on this commercial paper is: Select one: a. 31.08 b.

3. An investor buys a $1,000,000 30-day commercial paper for $975089. The yield per annum on this commercial paper is: Select one: a. 31.08 b. 23.31 c. 2.55 d. 38.85

4.The intrinsic value of a preference share is calculated in a similar way to: Select one: a. zero coupon bonds. b. annuities. c. coupon bonds. d. perpetuities.

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