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The price of a commercial paper issue is $986,800. At maturity the paper will be redeemed at $1M. If the annualized investment rate is 1.81%,

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The price of a commercial paper issue is $986,800. At maturity the paper will be redeemed at $1M. If the annualized investment rate is 1.81%, in how many days will the paper mature? a. 170 days b. 175 days c. 180 days d. 262 days e. 270 days

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