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d. Bertram Corporation, a large shipbuilder, has just issued $1,000,000 worth of commercial paper that has a 90-day maturity and sells for $990,000. At the
d. Bertram Corporation, a large shipbuilder, has just issued $1,000,000 worth of commercial paper that has a 90-day maturity and sells for $990,000. At the of 90 days, the purchaser of this paper will receive $1 million for its $990,00. Estimate the effective annual rate
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