What is the market value of a 30-day 10000000 commercial


1. What is the market value of a 30-day $10,000,000 commercial paper if the yield of 30-day Treasury bill is 2.5 %?

2. A 60-day $10,000,000 commercial paper is offered at $9,964,000. What is the discount rate?

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Microeconomics: What is the market value of a 30-day 10000000 commercial
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