ment on the relationship between the results you got in problems a through c. CP is a discount security whose nominal yield is very similar to the coupon-equivalent yield of Treasury bills. The CP nominal yield (CPNY) formula uses a 365-day basis: CPNY = (Dollar discount/Purchase price) (365/Days to maturity) In which: Dollar discount=Face value - Purchase price Use this relationship to find the nominal yields of the following securities: A 45-day, $100,000 CP issue selling at a price of $98,950. by A 30-day, $1 million CP issue selling at a price of $990,450. Di Compare the results you got in parts a and b with those obtainable from GE Capital Fixed Income Investing's online calculator, located at: https://www.gedirectcp.com/cpdirect2/source/Interest YieldCalc.asp on 365-day basis 8. If the 1-year Treasury bill coupon-equivalent yield is presently 5,25 percent and the 2-year Treasury note is yielding 5.95 percent, 2. What is the implied 1-year forward rate? b. Should a corporate investor buy two consecutive 1-year securities or buy and hold the 2-year security if his or her forecast for the 1-year forward rate is 7 (assuming that he or she trusts the reliability of the forecast)? percent