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thumbs up for completing all parts. please help Cost of commercial paper Commercial paper is usually sold at a discount. Fan Corporation has just sold
thumbs up for completing all parts. please help Cost of commercial paper Commercial paper is usually sold at a discount. Fan Corporation has just sold an issue of 82-day commercial paper with a face value of $0.8 million. The firm has received initial proceeds of $790,107 (Note Assume a 365 day year ) a. What effective annual rate will the firm pay for financing with commercial paper, assuming that it is rolled over every 82 days throughout the year? b. If a brokerage fee of $7,308 was paid from the initial proceeds to an investment banker for selling the issue, what effective annual rate will the firm pay, assuming that the paper is rolled over every 82 days throughout the year? a. The effective annual rate the firm will pay for financing with commercial paper, assuming that it is rolled over every 82 days throughout the year, is two decimal places) (Round to b. The etfective annual rate the firm will pay with the brokerage fee, assuming that the paper is rolled over every 82 days throughout the year, is%. (Round to two decimal places )
thumbs up for completing all parts. please help
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