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how do you solve this step-by-step? Preston Industries has issued four-month commercial paper with a $8 million face value. The firm received $7,831,000 from the
how do you solve this step-by-step? 
Preston Industries has issued four-month commercial paper with a $8 million face value. The firm received $7,831,000 from the issue. What is the effective annual rate for :) this financing closest to? 2.2% 6.6% 8.4% 7.2% Preston industries Effective annual rate Step by Step Solution
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
