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Really struggling with this one. Any help is greatly appreciated. Thx! Gale Corporation recently issued 270-day commercial paper with a face value of $100,000 and

Really struggling with this one. Any help is greatly appreciated. Thx!

Gale Corporation recently issued 270-day commercial paper with a face value of $100,000 and a simple interest rate of 11 percent. Assuming there are 360 days in a year, what is the commercial paper's annual percentage rate (APR)? The firm incurs no transaction costs to issue the commercial paper.

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