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3- A company needs to increase its working capital to 18999$, the Chief Financial Officer (CFO) decide to Get a 1-year short-term loan from the
3- A company needs to increase its working capital to 18999$, the Chief Financial Officer (CFO) decide to Get a 1-year short-term loan from the bank at an interest rate of 8%, note that is required to keep 20 % as a compensating balance. a- Find the Face Value of Commercial Papers to collect 18999$. FV2 = ? b- Find the effective interest rate of this type of financing. EIR2 =
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Between The Lines Of The Balance Sheet The Plain Mans Guide To Published Accounts
Authors: Michael Greener
2nd Edition
0080240712, 9780080240718
