Compute the price paid by investors for the paper

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Reference no: EM131327635

Student Pleasers, Inc. issues $5 million (face value) in commercial paper, at a discount yield of 7.8%. The maturity is 270 days.

Compute the price paid by investors for the paper. (solve to the nearest dollar)

After computing the price, compute the bond equivalent yield on the paper (solve to the nearest dollar)

Reference no: EM131327635

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Compute the price paid by investors for the paper : Student Pleasers, Inc. issues $5 million (face value) in commercial paper, at a discount yield of 7.8%. The maturity is 270 days. Compute the price paid by investors for the paper. (solve to the nearest dollar). After computing the price, compute the..

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