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What is the Bond equivalent yield on a $10 million commercial paper issue that currently...

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Finance

What is the Bond equivalent yield on a $10 million commercial paper issue that currently sells at 96% percent of its face value and is 101 days from maturity? PRESENT YOUR ANSWER AS PERCENT ROUNDED TO ZERO DECIMAL PLACES. DON'T WRITE THE PERCENTAGE SYMBOL ( IF YOUR ANSWER IS 95% JUST WRITE 95

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