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Consider a 270-day commercial paper with holding period yield of 1.875 percent. Assuming the stated yield is a Discount Yield, calculate the commercial paper price

Consider a 270-day commercial paper with holding period yield of 1.875 percent.

Assuming the stated yield is a Discount Yield, calculate the commercial paper price if the par value of the paper is $100,000. What would be the discount from par? How would your answers to part a change if the stated yield is an Add-on yield?

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