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A 90-day banker's acceptance is quoted at a discount rate of 2.25% for a 360-day year. A. What is the principal per 100 of redemption?

A 90-day banker's acceptance is quoted at a discount rate of 2.25% for a 360-day year.

A. What is the principal per 100 of redemption? Answer to two decimal places.

B. The bond equivalent yield for a 365-day year is %

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