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Calculate the interest yield of the following commercial paper: Note: Write down the formula and also show the calculation in the working note. Particular Amount

Calculate the interest yield of the following commercial paper:

Note: Write down the formula and also show the calculation in the working note.

Particular Amount
Face Value Rs 7,50,000
Sale Price Rs 5,40,000
Maturity Period 100 days
Brokerage and other ch 10%

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