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Title: The Native Industries, Inc. is going to issue 180-day commercial paper to raise $25 million. It ...
Post by: borteleto on Jul 6, 2018
The Native Industries, Inc. is going to issue 180-day commercial paper to raise $25 million. It anticipates a discounted interest rate of 13 percent, and dealer placement costs of approximately $60,000. What is the effective annual cost of credit to Native Industries?
A) 13.46%
B) 14.06%
C) 14.45%
D) 15.38%


Title: The Native Industries, Inc. is going to issue 180-day commercial paper to raise $25 million. It ...
Post by: DeanaRay on Jul 6, 2018
 C
 


Title: The Native Industries, Inc. is going to issue 180-day commercial paper to raise $25 million. It ...
Post by: borteleto on Jul 6, 2018
Mind blown, I've bookmarked this site on told my friends


Title: The Native Industries, Inc. is going to issue 180-day commercial paper to raise $25 million. It ...
Post by: DeanaRay on Jul 6, 2018
Really appreciate that