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Question 8 [5 points] Stiller Co. issued a 360-day, $350,000 commercial paper. A bank purchased the paper for $346,581.66. What was the yield for the

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Question 8 [5 points] Stiller Co. issued a 360-day, $350,000 commercial paper. A bank purchased the paper for $346,581.66. What was the yield for the paper on its issue date? Give your answer as a percent accurate to two decimal places. Yield = 0.00 %

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