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
Posted: Wed Jul 06, 2022 6:28 pm
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: