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Camembert's commercial paper is currently selling at a discount. It sells for 97.46 of par and matures in 83 days. a. Calculate its yield as

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Camembert's commercial paper is currently selling at a discount. It sells for 97.46 of par and matures in 83 days. a. Calculate its yield as quoted in the market. (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Yield b. Calculate its effective annual yield. (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual yield %

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