A company has issued commercial paper at 0.5% discount for 45 days. What is the price of
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A company has issued commercial paper at 0.5% discount for 45 days. What is the price of the commercial paper and how much will be the effective rate of interest on this paper. Should this company issue this paper if the prime rate is 1.5%.Explain why?
Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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