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A firm issues threeminusmonth commercial paper with $200,000 face value and receives $192,000. What is the EAR the firm is paying for these funds? A.

A firm issues

threeminusmonth

commercial paper with $200,000 face value and receives $192,000. What is the EAR the firm is paying for these funds?

A.

5.24%

B.

16.00%

C.

17.74%

D.

8.00%

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