he Score: 5 of 10 pts 9 of 12 (11 complete) HW Score: 87.5%, 105 of 120 pts % P 20-16 (similar to) gel Question Hello The Treadwater Bank wants to raise $1.000.000 using three-month commercial paper. The net proceeds to the bank will be 5982,000. What is the effective annual rate of this financing for Treadwater? Magna Corporation has an issue of commercial paper with a face value of $1,000,000 and a maturity of six months Magna received net proceeds of $976, 103 when I sold the paper. What is the effective annual rate of the paper to Magna? Assume that the prime rates 79% APR, compounded quarterly How much dollar savings in Interest did Troadwater and Magna achieve by accessing the commercial paper market? The effective annual rate of this financing for Treadwater is 7.54% (Round to two decimal places) orked The effective annual rate of the paper to Magna la 497% (Round to two decimal places) SCO Troadwater saved $ 20250 (Round to the nearest dollar)