Westminster Insurance Company plans to sell $2,000,000 of euro commercial paper with a 60 day maturity and discounted to yield 4 60 per annum What will be the immediate proceeds to Westminster Insurance yield to maturity at issuance is 6 just basically explain what the question is asking to solve is simple words and then pls solve

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Westminster Insurance Company plans to sell $2,000,000 of euro-commercial paper with a 60-day maturity and discounted to yield 4.60% per annum. What will be the

Westminster Insurance Company plans to sell $2,000,000 of euro-commercial paper with a 60-day maturity and discounted to yield 4.60% per annum. What will be the immediate proceeds to Westminster Insurance?

yield to maturity at issuance is 6%

just basically explain what the question is asking to solve is simple words and then pls solve

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