Suppose a company purchases $10 million of 90-day commercial paper issued by KING Capital, a large finance company, for

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answerhappygod
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Suppose a company purchases $10 million of 90-day commercial paper issued by KING Capital, a large finance company, for

Post by answerhappygod »

Suppose a company purchases $10 million of 90-day commercial
paper issued by KING Capital, a large finance company, for a price
of $9,937,539. Calculate the bond equivalent yield on the
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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