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Hanseatic Partners issues commercial paper with a one-year maturity and an expected recovery rate of 50% in the event of default. If the risk-free rate

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Hanseatic Partners issues commercial paper with a one-year maturity and an expected recovery rate of 50% in the event of default. If the risk-free rate is 2% and the estimated probability of default is 0.5%, then the discount rate at which the commercial paper will be priced is closest to? 2.75% 2.50% 2.25% 2.00%

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