Question: Please show all work or excel formulas the x marks the correct answer. the entire question is shown, the work included is incorrect, hence the
Please show all work or excel formulas the x marks the correct answer.

the entire question is shown, the work included is incorrect, hence the answer swap
Question 31 Genco Pura Olive Oil Company is looking to raise $6,000,000 in the commercial paper market to help some short term liquidity concerns. If the current market prices there securities at 93% of par value ($100,000) and the paper has a maturity of 6 months (180 days), what is the APR Genco will pay on the issue? 15.26% 18.47% 12.61% 13.88% 16.79% 6,000000 - (93x6000,006) .93 * 1000000
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