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o meet the needs of temporary working capital, SoGood Candy Company has decided to issue commercial To meet the needs of temporary working capital, SoGood
To meet the needs of temporary working capital, SoGood Candy Company has decided to issue commercial paper which will mature in 8 months. The commercial paper was issued for 1.6 millin and they received 1.5 million. What is the effective annual rate that they will pay for this loan? Annual Percentage Rate(APR) Effective Annual Rate (EAR) 191999985937.5%
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
