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Question 8 (10 points) You can buy commercial paper of a major U.S. corporation for $497,110. The paper has a face value of $500,000 and

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Question 8 (10 points) You can buy commercial paper of a major U.S. corporation for $497,110. The paper has a face value of $500,000 and is 87 days from maturity. Calculate the discount yield on the commercial paper. Answer in percent to three decimal places. Omit the percent sign. Your

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