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Question
Suppose that $10 million face value commercial paper with a 270-day maturity is selling for $9.55 million. What is the BEY on the paper?
A. 4.71%
B. 6.42%
C. 6.37%
D. 6.28%
E. 4.50%
Answer
This answer is hidden. It contains 38 characters.
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