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Charlies Construction Inc. (CCI) recently issued commercial paper with $30 million in face value and a maturity of 180 days. CCI received proceeds of $28.45
- Charlies Construction Inc. (CCI) recently issued commercial paper with $30 million in face value and a maturity of 180 days. CCI received proceeds of $28.45 million when it sold the commercial papers. What is the effective annual rate of the commercial paper?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
