Commercial paper. Criss Cross Manufacturers will issue commercial paper for a short-term cash inflow. Criss-Cross must raise $5,600,000, and the paper will have a maturity of 182 days. If this paper has a maturity value of $50,000 and is selling at an annual interest rate of 8.1%, what are the proceeds from each paper; that is, what is the discount rate on the commercial paper? What is the discount rate on the commercial paper? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. 1 pemaining Clear All Check Answer Commercial paper. Criss Cross Manufacturers will issue commercial paper for a short-term cash inflow. Criss-Cross must raise $5,600,000, and the paper will have a maturity of 182 days. If this paper has a maturity value of $50,000 and is selling at an annual interest rate of 8.1%, what are the proceeds from each paper; that is, what is the discount rate on the commercial paper? What is the discount rate on the commercial paper? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. 1 pemaining Clear All Check