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7. What is the EAR (Effective Annual Rate) of a 6-month commercial paper borrowing of $1,350,000 that requires a repayment of $1,500,000? 11.11% 23.45% 90.0%

7. What is the EAR (Effective Annual Rate) of a 6-month commercial paper borrowing of $1,350,000 that requires a repayment of $1,500,000? 11.11% 23.45% 90.0% 52.35% a. b. d

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