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Suppose that $10 million face value commercial paper with a 270 day maturity is selling for $9.65 million. What is the Discount Yield on the

Suppose that $10 million face value commercial paper with a 270 day maturity is selling for $9.65 million. What is the Discount Yield on the commercial paper? percent What is the Effective Annual Rate on the commercial paper? percent (Do not round intermediate calculations and round your answer to 2 decimal places)

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