Question: AXN Sdn bhd needs to raise RM1, 000,000 in short-term loan for five months. a commercialpaper with a face value of RM 100,000 each at

AXN Sdn bhd needs to raise RM1, 000,000 in short-term loan for five months. a commercialpaper with a face value of RM 100,000 each at 12% per annum. The issuing cost is RM3,000per paper. Compute the effective cost of financing

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