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9. Find the annualized cost of a commercial paper that has a $5,000 face value, matures in 180 days, has a placement fee of 1%

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9. Find the annualized cost of a commercial paper that has a $5,000 face value, matures in 180 days, has a placement fee of 1% and an interest charge of 4% over the 180-day period. Assume the placement fee is paid at the time of issuance. Show your calculations

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