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ia45122 ia45122
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4 months ago
Saskatchewan Wheat Fields Inc. is planning to issue $100 million of commercial paper with 30 days to maturity. There is a 1% probability that the firm will default on the issue and the investor will receive zero. The investor's required rate of return is 5%. If the firm wishes to issue the commercial paper at par, the promised yield must be

▸ 5%.

▸ 42.27%.

▸ 8.25%.

▸ 17.17%.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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psstone42psstone42
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4 months ago
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