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  3. 180-day commercial paper can be bought at a 5.50 p

180-day commercial paper can be bought at a 5.50 percent discount yield. What are the...

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180-day commercial paper can be bought at a 5.50 percent discount yield. What are the bond equivalent yield (BEY) and the effective annual rate (EAR) on the commercial paper? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 2.161))

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