Exara sdn bhd needs rm100,000 loans for 180 days financing for its short term project. Issue two
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Question:
Exara sdn bhd needs rm100,000 loans for 180 days financing for its short term project.
Issue two commercial papers at 10% annual interest rate with floatation cost of RM2,000 per
paper. Face value of each paper is RM50,000.
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