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mework Part 1 of 2 Points: 0 of 1 Save maturity value of $ 5 0 , 0 0 0 and is selling at an

mework
Part 1 of 2
Points: 0 of 1
Save
maturity value of $50,000 and is selling at an annual interest rate of 9.2%, what are the proceeds from each paper; that is, what is the discount rate on the commercial paper?
What is the discount rate on the commercial paper?
%(Round to two decimal places.)
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