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QUESTION 9 On December 1, 2021. Household Solutions issued a $10 million of commercial paper on a nine month note. Interest was discounted at issuance

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QUESTION 9 On December 1, 2021. Household Solutions issued a $10 million of commercial paper on a nine month note. Interest was discounted at issuance at an 8% discount rate What is the effective interest rate on the commercial paper

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