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A $1M investment in 90 day commercial paper has a 3% discount yield, what is its bond equivalent yield? A Commercial Paper is sold at

A $1M investment in 90 day commercial paper has a 3% discount yield, what is its bond equivalent yield? A Commercial Paper is sold at discount not paying coupon interest. EAR- 196 2.5 2.6 2.7 0 2.8 2.9 3.0 3.1 3. 3.3

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