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Vanags Assemblers Corporation is a manufacturing company. Vanags's financial managers use many sources of financing for the company's annual borrowings, which exceed $100 million. Vanags's
Vanags Assemblers Corporation is a manufacturing company. Vanags's financial managers use many sources of financing for the company's annual borrowings, which exceed $100 million. Vanags's credit rating is excellent. At the moment, the managers are looking to fund a $5 million payroll by issuing a note with a 30-day maturity. What type of financing is this
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