Question: Calculate the effective borrowing cost for a CP issue with the following specs: $7,500,000 face value 45-day maturity 1 percent discount rate Dealer fees of

Calculate the effective borrowing cost for a CP issue with the following specs: $7,500,000 face value 45-day maturity 1 percent discount rate Dealer fees of 0.15 percent Commitment fee of 0.50 percent for $7,500,000 unused line of credit availability.

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