An investor purchased at 95% of face value, a 1 million Negotiable CD with 92 days to maturity. What is the Bond Equivalent Yield? PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES. DON'T USE THE PERCENTAGE SYMBOL. EX IF YOUR ANSWER IS 37%, JUST WRITE 37 Answer: The rate offered for sale on Eurodollar funds is called O Prime rate O Fed Funds rate Discount rate OLIBOR O Bankers Acceptance What is the bond equivalent yield on a $8 million commercial paper issue that currently sells at 98.25 percent of its face value and is 142 days from maturity? Do not round intermediate calculations. Select one: O a. 4.498% O b. 3.914% . 3.27% O d. 4.578% O e. 4.254% Of. 3.286%