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You can buy commercial paper of a major U.S. corporation for $725,000. The paper has a face value of $650,000 and is 90 days from

You can buy commercial paper of a major U.S. corporation for $725,000. The paper has a face value of $650,000 and is 90 days from maturity. Calculate the discount yield and bond equivalent yield on the commercial paper. (Show your work and calculations.)

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