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Perry Berhad plans to sell RM 200 million in 250-day maturity paper on which the expected discounted interest is 10% per annum. The firm also

Perry Berhad plans to sell RM 200 million in 250-day maturity paper on which the expected discounted interest is 10% per annum. The firm also experts to incur RM 200000 in dealer placement fees ad other expenses of issuing the paper. Calculate the effective cost of issuing the commercial paper.

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