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Mapa Corporations we of commercial paper with a face value of $1,000,000 and a maturity of de months. Mapa received et proceeds of 5965.590 when

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Mapa Corporations we of commercial paper with a face value of $1,000,000 and a maturity of de months. Mapa received et proceeds of 5965.590 when it sold ther. What is the effective annual rate (AR) of the paper to Manant Dorot round you get to the fastep) Answer: The effective annual rate is X (Round to two decimal places)

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