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What is the cost of capital for bank overdraft (kbo). The overdraft rate is7.2 % pa compounded 12 times a year? Answer as a percentage

What is the cost of capital for bank overdraft (kbo). The overdraft rate is7.2 % 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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