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Need explanation in 1 0 min if possible before a test. Speedy Delivery, Inc. issued 4 5 - day commercial paper with a face value
Need explanation in min if possible before a test. Speedy Delivery, Inc. issued day commercial paper with a face value of $ The discount rate on the commercial paper was issued at a discount rate of The firm uses a revolving credit facility to backup commercial paper issues, and the commitment fee on the RCF is basis points. The commercial paper was issued through a dealer and the dealer fee is basis points. What is the prorated dealer fee for this commercial paper issue?
Need explanation in min if possible before a test. Speedy Delivery, Inc. issued day commercial paper with a face value of $ The discount rate on the commercial paper was issued at a discount rate of The firm uses a revolving credit facility to backup commercial paper issues, and the commitment fee on the RCF is basis points. The commercial paper was issued through a dealer and the dealer fee is basis points. What is the prorated dealer fee for this commercial paper issue?
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