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A corporation is planning to sell its 90-day commercial paper to investors offering, but it is not sure what yield to offer. If the three-month

A corporation is planning to sell its 90-day commercial paper to investors offering, but it is not sure what yield to offer. If the three-month T-bills annualized rate is 0.06, the default risk premium is estimated to be 0.001, the liquidity premium is 0.004 and there is a 0.005 tax adjustment, what is the appropriate yield to be offered on the commercial paper? Enter the answer as a decimal using 4 decimals (e.g. 0.1234).

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