[Solved] A $1M investment in 85 day commercial pap

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A $1M investment in 85 day commercial paper has a 2.6% discount yield. What is the purchase price of the CP? $993,861 $996,457 $998.673 $995,000

A $1M investment in 85 day commercial paper has a 2.6% discount yield. What is the purchase price of the CP? $993,861 $996,457 $998.673 $995,000

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