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Mark is considering how to raise funds in short term financing. He is looking at a variety of alternatives. Find the equivalent annualized rate for
Mark is considering how to raise funds in short term financing. He is looking at a variety of alternatives. Find the equivalent annualized rate for each alternative
a) Forgo cash discounts with the terms 3,5/25, net 65.
b) Sell commercial paper at a price of 98.6 which will mature at 100 for 65 day
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