What is the discount yield on a $10 million commercial paper issue that currently sells...
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What is the discount yield on a $10 million commercial paper issue that currently sells at 97% percent of its face value and is 90 days from maturity? PRESENT YOUR ANSWER AS PERCENT ROUNDED TO ZERO DECIMAL PLACES. DON'T WRITE THE PERCENTAGE SYMBOL (IF YOUR ANSWER IS 95% JUST WRITE 95 )
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