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CHANGE CURRENTLY SELLS AT TO 96.25 2. What is the discount yield, bond equivalent yield, and effective annual return on a $5 million commercial paper

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CHANGE CURRENTLY SELLS AT TO 96.25

2. What is the discount yield, bond equivalent yield, and effective annual return on a $5 million commercial paper issve that currently sells at 98.625 percent of its face value and is 136 days from maturity? (LG 5-1)

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