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MCQ6. The annualized yield is 3% for 91-day commercial paper and 3.5% for 182-day commercial paper (as per the bond equivalent quotation). Wen Wen wants

MCQ6. The annualized yield is 3% for 91-day commercial paper and 3.5% for 182-day commercial paper (as per the bond equivalent quotation). Wen Wen wants to invest in this money market instrument in 91 days and for 91 days. What is the quoted' expected 91-day commercial paper rate 91 days from now (chose the closest answer)? A. 7.09% B. 3.96% A. 0.99% B. None of the above

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