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Posted on Jul 30, 2024

Suppose Musashi purchases a 2 7 - day commercial paper with a par value of $ 1 , 0 0 0 , 0 0 0

Suppose Musashi purchases a

27 -

day commercial paper with a par value of $

1, 000, 000

for a price of $

786, 000 .

If Musashi holds the commercial paper until maturity, and you assume a

360

day year, then the annualized yield is

?

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