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The Signet Corporation has issued? four-month commercial paper with a $5.8 million face value. The firm netted $5,654,304 on the sale. What effective annual rate?
The Signet Corporation has issued? four-month commercial paper with a $5.8 million face value. The firm netted $5,654,304 on the sale. What effective annual rate? (EAR) is Signet paying for these? funds?
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