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Find the effective annual cost (%) of a commercial paper issue. Assume a company issues $900,000 commercial paper with 210-day maturity at a discount of
Find the effective annual cost (%) of a commercial paper issue. Assume a company issues $900,000 commercial paper with 210-day maturity at a discount of 3.8%, the annualized dealer fee is 0.10% and the cost of backup line of credit is 0.11%
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