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MNO Ltd is planning to issue 90 days Commercial paper with a Face value of $20,000 at a discounted price of Rs19,700 If you purchase

MNO Ltd is planning to issue 90 days Commercial paper with a Face value of $20,000 at a discounted price of Rs19,700 If you purchase the CP what would be your return? And what would be the net cost to the company when it has to incur a floatation cost of 0.1% of face value Please calculate the return and net cost in per annum percentage term

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