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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

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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