Suppose a company purchases $1 million of 180-day commercial paper issued by VP, a large finance company, for a price of

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answerhappygod
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Suppose a company purchases $1 million of 180-day commercial paper issued by VP, a large finance company, for a price of

Post by answerhappygod »

Suppose a company purchases $1 million of 180-day commercial
paper issued by VP, a large finance company, for a price of
$994,952. Calculate the discount yield on commercial paper.
Please round the final answer to three decimal places in
percentage form. (Write the percentage sign in the "units"
box)
Your Answer:
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