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What is the cost of capital for bank overdraft (k bo ). The overdraft rate is5.6 % pa compounded 12 times a year? Answer as

What is the cost of capital for bank overdraft (k_bo). The overdraft rate is5.6 % pa compounded 12 times a year? Answer as a percentage to two decimal places (2.12% should be entered as 2.14).Do not enter the % sign.

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