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Suppose that $10 million face value commercial paper with a 250-day maturity is selling for $9.65 million. What is the EAR on the paper? Select

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Suppose that $10 million face value commercial paper with a 250-day maturity is selling for $9.65 million. What is the EAR on the paper? Select one: 5.29 percent 4.18 percent 5.34 percent 4.93 percent 4.71 percent 5.28 percent

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