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What is the cd equivalent yield on the ba in problem

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Reference no: EM131938539

1. You just bought a Bankers Acceptance with 165 days left to maturity. If you paid 98.360, what is the annual discount rate?

2. What is the CD equivalent yield on the BA in problem 2?

Reference no: EM131938539

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What is the cd equivalent yield on the ba in problem : 1. You just bought a Bankers Acceptance with 165 days left to maturity. If you paid 98.360, what is the annual discount rate?
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