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Use Excel! A $1M investment in 90 day commercial paper has a 2% discount yield and an equivalent size and risk 90 day CD has

Use Excel! A $1M investment in 90 day commercial paper has a 2% discount yield and an equivalent size and risk 90 day CD has a 2% single payment yield. Which security offers the better return? For the commercial paper: The bond equivalent yield for the commercial paper is ( )% and What is the commercial papers EAR?

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