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A commercial paper priced at $56,500 with a $100.000 face value matures in 30 days. What is its yield as a simple annual rate? Assume

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A commercial paper priced at $56,500 with a $100.000 face value matures in 30 days. What is its yield as a simple annual rate? Assume 365 days per year. Its promised simple annualised yield to maturity is? Select one: a. 12.28% pa b.9.37% pa c 8.28% pa d. 10.95% pa e. 10.95% pa

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