Suppose Musashi purchases a 25-day commercial paper with a par value of $1,000,000 for a price of $997,000. If Musashi h

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answerhappygod
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Suppose Musashi purchases a 25-day commercial paper with a par value of $1,000,000 for a price of $997,000. If Musashi h

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Suppose Musashi purchases a 25-day commercial paper with a parvalue of $1,000,000 for a price of $997,000. If Musashi holds thecommercial paper until maturity, and you assume a 360 day year,then the annualized yield is:
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