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Question 4 If a firm issues $5 million of commercial paper with a maturity of three months at an annual interest rate of 8%,

Question 4 If a firm issues $5 million of commercial paper with a maturity of three months at an annual interest rate of 8%, the proceeds of the issue are: Oa. $4,900,000. Ob.$4,600,000. Oc. $4,901,961. Od.$4,629,630.

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