PLEASE HELP!

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Firms require short-term financing for: O recapitalization O paying a dividend repurchasing shares O positive cash flow shocks None of the above Fortescue Metal Group wants to raise $15 million using three-month commercial paper. The net proceeds to the company will be $14.75 million. The effective annual rate of this financing for Fortescue is closest to: 4.35% 5.42% 6.95% 9.31% % None of the above