Part 1 of 4:

A company issues $125 million of CP with a 45-day maturity at a discount of 4.2%. Calculate the usable funds.

Part 2 of 4:

Fees include an annual dealer fee of 0.12% and a backup line of credit fee of 0.18%. What is the prorated dealer fee and prorated backup line of credit fee?

Part 3 of 4:

What is the annual interest rate for the issuer?

Part 4 of 4:

What is the nominal, or annual, yield to the investor?