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14, Lion Co. can issue three-month commercial paper with a face value of P1,000,000 for P980000. Transaction costs would be P1200. The annualized percentage cost

14, Lion Co. can issue three-month commercial paper with a face value of P1,000,000 for P980000. Transaction costs would be P1200. The annualized percentage cost of the financing would be a. 2.17% C. 8.67% b. 8.48% d. 8.00%

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