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FPL Inc. has planned a 3-month issue of commercial paper with a face value of $15,000,000. The paper is set to sell at 99.5% of

FPL Inc. has planned a 3-month issue of commercial paper with a face value of $15,000,000. The paper is set to sell at 99.5% of face value. What is the 3-month interest rate? A. 0.5000% B. 0.5050% C. 0.5025% D. 0.5035%

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