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stranahan stranahan
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7 years ago
Amalgamated Appliance Inc has planned a 3-month issue of commercial paper with a face value of $25,000,000. The paper is set to sell at 98.5% of face value. What is the discounted selling price of the firm's commercial paper?
A) $25,000,000
B) $24,625,000
C) $25,325,000
D) $24,300,000
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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flappunctualflappunctual
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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