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14. Lion Co. can issue three-month commercial paper with a face value of P1,000,000 for P980,000. Transaction costs would be P1.200. The annualized percentage cost

14. Lion Co. can issue three-month commercial paper with a face value of P1,000,000 for P980,000. Transaction costs would be P1.200. The annualized percentage cost of the financing would be a. 2.17% C. 8.679% b. 8.48% d. 8.009%

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