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What is the discount yield, bond equivalent yield, and effective annual return on a $8 million commercial paper issue that currently sells at 98.75 percent
What is the discount yield, bond equivalent yield, and effective annual return on a $8 million commercial paper issue that currently sells at 98.75 percent of its face value and is 142 days from maturity? (Use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your percentage answers to 3 decimal places. (e.g., 32.161))
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