Lett's commercial paper is presently selling at a discount. It sells for 97.79 of par and matures in 100 days. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. Calculate its yield as quoted in the market. 8.24 % Yield b. Calculate its effective annual yield. Effective annual yield 8.47 % Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume that in 20XX it held 230,000 reals in Brazil worth $160,000. It earned 11 percent interest, but the real declined 21 percent against the dollar. world a. What is the value of its holdings, based on Canadian dollars, at year-end? (Do not round intermediate calculations.) Value of the holdings b. What is the value of its holdings, based on Canadian dollars, at year-end if it earned 8 percent and the real went up by 12 percent against the dollar? (Do not round intermediate calculations.) Value of the holdings