benkart tool and die company plans to sell $30,000,000 of 90-day commercial paper, on which it expects to pay discounted interest rate of 8% per year. dealer fees expected to be $40,000. the effective cost of credit to benkart tool and die company is a.8.13% b. 13.64% c. 17.22% d.32.53%

Benkart Tool and Ole Completo 530,000,000 of 90 day commercial paper on which is expects to pay decounted interest rate pe Dealers wexpected to be 145000, The costolat Brool and Company 2.130130421221 0:32.53% Tom Cowplan tool 530,000,000 90-day col paper on which to pay dhouted into per year Dealers are expected to 50 OD The WIR BE Tool and Die Company 13.09.17 22.032.53%