Calculate effective annual yield

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Camembert's commercial paper is currently selling at a discount. It sells for 98.36 of par and matures in 85 days. 3. Calculate its yield as quoted in the market. (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Yield %

b. Calculate its effective annual yield. (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual yield E %

Reference no: EM133058105

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