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14_ Lion Co. can issue three-month commercial paper with a face value of P1,00D,000 for P980,000. Transaction costs would be P1200. The annualized percentage cost

14_ Lion Co. can issue three-month commercial paper with a face value of P1,00D,000 for P980,000. Transaction costs would be P1200. The annualized percentage cost of the financing would be a. 2.118% 1:. 8.67% b. 8.48% d. 8.88%

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