Calculate the discount yield and bond equivalent yield

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Question: You can buy commercial paper of a major U.S. corporation for $495,000. The paper has a face value of $500,000 and is 45 days from maturity. Calculate the discount yield and bond equivalent yield on the commercial paper.

Reference no: EM131632642

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Calculate the discount yield and bond equivalent yield : You can buy commercial paper of a major U.S. corporation for $495,000. The paper has a face value of $500,000 and is 45 days from maturity.
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