Homework: Chapter 15 Homework Save Score: 0 of 1 pt 9 of 10 (1 complete) HW Score: 10%. 1 of 10 pts P15-18 (similar to) Question Help O Commercial paper. Criss-Cross Manufacturers will issue commercial paper for a short-term cash inflow. Criss-Cross must raise $5,000,000, and the paper will have a maturity of 182 days. If this paper has a maturity value of $50,000 and is selling at an annual interest rate of 8.2%, what are the proceeds from each paper; that is what is the discount rate on the corrimercial paper? What is the discount rate on the commercial paper? 1219.51 % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. ? part 1 remaining Clear All Check