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A corporate treasurer is lookng to invest about $4 Million for 60 days. Commercial paper rates are 3.55 percent discount and CD rates are 3.56

A corporate treasurer is lookng to invest about $4 Million for 60 days. Commercial paper rates are 3.55 percent discount and CD rates are 3.56 percent. Comparing the bond equivalent yields over a 365-day year, which is the best alternative? Round the percentage result to two decimals.

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