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We bought a 180-day commercial paper with a face value of $8000000 at 5.24% p.a....

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We bought a 180-day commercial paper with a face value of $8000000 at 5.24% p.a. a. How much did we pay for it? b. We hold the paper for 22days and then sold it at a yield of 2.58% p.a. At what price did we sell? c. What rate of return (i.e. APR) did we earn over the holding period? a. The price we paid for was $ (round to 2 dp) b. The price at which we sold the paper was $ (round to 2 dp) c. The APR we earned was % (round to 2 dp)

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