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:max_bytes(150000):strip_icc()/dotdash_INV_final_Discount_Yield_Jan_2021-01-fc704294a32348a7bc00e0fc7652b88e.jpg "Discount Yield Formula, Meaning and Examples")
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SOLVED: 1. The yield on 3-month T bill is 1%. The yield on 3-month commercial paper is 1.88%. Assume that investors get 60% of the face value when commercial paper defaults. What
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