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5-7 Redo (only need EAR) 180-day commerclal paper can be bought at a 4.80 percent discount yleld. What are the bond equivalent yleld (BEY) and

5-7 Redo (only need EAR)

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180-day commerclal paper can be bought at a 4.80 percent discount yleld. What are the bond equivalent yleld (BEY) and the effective annual rate (EAR) on the commercial paper? (Use 365 days In a year. Do not round Intermedlate calculatlons. Round your answers to 3 declmal places. (e.g., 2.161))

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