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Q2. We bought a 60 -day commercial paper with a face value of $5,000,000 at 4.23% p.a. We held the paper for 23 days and

Q2. We bought a 60 -day commercial paper with a face value of $5,000,000 at 4.23% p.a.

We held the paper for 23 days and then sold it at a yield of 2.79 % p.a. At what price did we sell it?

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