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Suppose that $10 million face value commercial paper with a 270 day maturity is selling for $9.55 million. What is the Bond Equivalent Yield (BEY)

image text in transcribed Suppose that $10 million face value commercial paper with a 270 day maturity is selling for $9.55 million. What is the Bond Equivalent Yield (BEY) on the paper? 4.71% 6.42% 6.37% 6.28% 4.50% Suppose that $10 million face value commercial paper with a 270 day maturity is selling for $9.55 million. What is the Bond Equivalent Yield (BEY) on the paper? 4.71% 6.42% 6.37% 6.28% 4.50%

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