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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.

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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. Yield 1% b. Calculate its effective annual yield. Effective annual yield % Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 112,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.2 per unit a. What is the economic ordering quantity? Economic ordering quantity (EOQ) units b. How many orders will be placed during the year? Number of orders c. What will the average inventory be? units Average inventory d. What is the total cost of inventory expected to be? Total costs

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