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Business, 10.05.2021 23:00 dilly1190

. A company issues $25,000,000 of commercial paper with a 65-day maturity at a discount rate of 3.0%. The paper is sold through a dealer for an annual charge of .15%. There is also a backup line of credit that costs .35% annum. What is the effective annual cost of issuing the commercial paper

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. A company issues $25,000,000 of commercial paper with a 65-day maturity at a discount rate of 3.0%...
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