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Suppose that $8 million face value of commercial paper with a 270-day maturity is selling for $7.5 million. What is the BEY on the paper?

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Suppose that $8 million face value of commercial paper with a 270-day maturity is selling for $7.5 million. What is the BEY on the paper? O A.9.01% OB. 11.01% O C. 8.01% OD. 10.01%

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