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The Signet Corporation has issued four-month commercial paper with a 6.4 million face value. The firm netted $6,212,503 on the sale. What effective annual rate
The Signet Corporation has issued four-month commercial paper with a 6.4 million face value. The firm netted $6,212,503 on the sale. What effective annual rate (EAR) is Signet paying for thesefunds?
The effective annual rate is
enter your response here%.
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