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bmwprincess bmwprincess
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7 months ago
Laurentide Resort Company would like to issue $25 million face value of 60-day commercial paper at a cost of 0.65%. In addition, the firm must maintain the $25 million credit line at a cost of 0.1% as a standby fee. What is the effective annual cost of this transaction?

▸ 4.56%

▸ 56.57%

▸ 4.65%

▸ 4.02%
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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fujiokifujioki
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7 months ago
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bmwprincess Author
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7 months ago
Smart ... Thanks!
ofsuahasiufhoas
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Yesterday
this is exactly what I needed
logbi
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2 hours ago
You make an excellent tutor!
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