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Commercial paper. Criss-Cross Manufacturers will issue commercial paper for a short-term cash inflow Criss-Cross must raise $5,800,000, and the paper wilt have a maturity of

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Commercial paper. Criss-Cross Manufacturers will issue commercial paper for a short-term cash inflow Criss-Cross must raise $5,800,000, and the paper wilt have a maturity of 182 days if this paper has a maturity value of S50000 and is selling at an annual interest rate of 8 7%, what are th , proceeds om each paper at is. whats the discount rate on the commercial paper? What is the discount rate on the commercial paper? 335 % (Round to two decanal places) What are the proceeds from each paper? (Round to the nearest dollar)

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