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Over the past 4 years, you observed the following quoted rates on Commercial Paper, for face values of $1,000 and 14 days to maturity. Which

Over the past 4 years, you observed the following quoted rates on Commercial Paper, for face values of $1,000 and 14 days to maturity. Which of the following shows the prices, bond equivalent rates, and effective annual rates for each year? Quoted Yield 2016 75 bps 2015 125 bps 2014 -25 bps 2013 102

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