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Calculate yield as quoted in the market

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Reference no: EM132710935

Let's commercial paper is presently selling at a discount. It sells for 98.31 of par and matures in 120 days. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Question 1: Calculate its yield as quoted in the market.

Question 2: Calculate its effective annual yield

Reference no: EM132710935

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