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Lett's commercial paper is currently selling at a discount. It sells for 98.33 of par and matures in 120 days. a. Calculate its yield

Lett's commercial paper is currently selling at a discount. It sells for 98.33 of par and matures in 120 days. a. Calculate its yield as quoted in the market. b. Calculate its effective annual yield.

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a To calculate the yield as quoted in the market we can use the following formula Yield Discount Fac... blur-text-image

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