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Question 32 1 pts A firm plans to issue 90-day commercial paper for $98.5 million. The par value is $100 million. Calculate the firm's cost

Question 32 1 pts A firm plans to issue 90-day commercial paper for $98.5 million. The par value is $100 million. Calculate the firm's cost of borrowing in the commercial paper market. (Use a 360-day year) 1.5% 4.5% O 2% 696

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