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5. Calculate the effective borrowing cost for a CP issue with the following specs: - $7,500,000 face value - 45-day maturity - 1 percent discount
5. Calculate the effective borrowing cost for a CP issue with the following specs: - $7,500,000 face value - 45-day maturity - 1 percent discount rate - Dealer fees of 0.15 percent - Commitment fee of 0.50 percent for $7,500,000 unused line of credit availability
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