18 Danial company plans to sell RM 400,000 in 90-days matunty paper on which the expected discounted interest to be paid 10 percent per annum. The dealer placement fee is RM3,000 per paper, and the par vakie of these commercial papers is RM40,000 each. Calculate the cost of issuing commercial paper, Answer 44.44 percent 4.44 percent 10.19 percent 11 11 percent