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Abbett Industries plans to sell $15,000,000 of 180-day commercial paper, on which it expects to pay discounted interest at a rate of 5% per year.

Abbett Industries plans to sell $15,000,000 of 180-day commercial paper, on which it expects to pay discounted interest at a rate of 5% per year. Dealer fees are expected to be $12,000. The effective cost of credit to Abbett is

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