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You can buy commercial paper of a major U.S. corporation for $985,000. The paper has a face value of $1,000,000 and is 120 days from

You can buy commercial paper of a major U.S. corporation for $985,000. The paper has a face value of $1,000,000 and is 120 days from maturity. Calculate the (a) discount yield and (b) bond equivalent yield on the commercial paper.

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