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Life.com issued $10 million of commercial paper on April 1 on a nine-month note Interest was discounted at issuance at a 6% discount rate What is the

Life.com issued $10 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 6% discount rate. What is the effective interest rate on the commercial paper?

Apr 25 2020 View more View Less

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