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A company is planning to sell its 90-day commercial paper to investors by offering an 8.4 percent yield. If the face value of a three-month
A company is planning to sell its 90-day commercial paper to investors by offering an 8.4 percent yield. If the face value of a three-month Treasury bill is GHS1000 which is also selling at GHS950, the credit risk premium is estimated to be 0.6 percent, and there is a 0.4 percent tax adjustment, then what is the liquidity premium on the commercial pape
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