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3. Assume an investor purchased six-month commercial paper with a face value of $1,000,000 for $991,000. What is the yield? 4. Titleist Corporation arranged a

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3. Assume an investor purchased six-month commercial paper with a face value of $1,000,000 for $991,000. What is the yield? 4. Titleist Corporation arranged a repurchase agreement in which it purchased securities for $3,700,000 and will sell the securities back for $3,750,000 in 43 days. What is the yield (or repo rate) to Titleist Corporation

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