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(CO 6) A firm buys $1,000,000 of a 90-day commercial paper issue for $995,450. The bond equivalent yield on this commercial paper is _____. Group

(CO 6) A firm buys $1,000,000 of a 90-day commercial paper issue for $995,450. The bond equivalent yield on this commercial paper is _____.

Group of answer choices

1.00%

1.85%

1.58%

4.57%

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