Question: IE 13-1 (Static) Based on Brief Exercise 13-5 Noninterest-bearing note; effective interest rate [LO13-2] Breathe.com issued $18,000,000 of commerc al paper on January 1 on

IE 13-1 (Static) Based on Brief Exercise 13-5 Noninterest-bearing note; effective

IE 13-1 (Static) Based on Brief Exercise 13-5 Noninterest-bearing note; effective interest rate [LO13-2] Breathe.com issued $18,000,000 of commerc al paper on January 1 on a 7 -month note. Interest was discounted at issuence at 7 7108 discount rate. Required: 1. Calculate the discount on the commercial peper. 2. Calculate the proceeds from the issuance. 3. Calculate the effective interest rete on the commercial paper

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