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A 180-day commercial paper is quoted at a discount rate of 4.25% for a 360-day year, what is its bond equivalent yield?
A 180-day commercial paper is quoted at a discount rate of 4.25% for a 360-day year, what is its bond equivalent yield?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
