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A 91 day commercial paper has a face value (par value) of $500,000 and an auction price of $496,000. What is the annual yield? What
A 91 day commercial paper has a face value (par value) of $500,000 and an auction price of $496,000. What is the annual yield? What is the annual yield on a discount basis?
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Handbook Of The Equity Risk Premium
Authors: Rajnish Mehra
1st Edition
0444508996, 978-0444508997
