Lifecom issued 10 million of commercial paper on april 1 on
1.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?
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1lifecom issued 10 million of commercial paper on april 1 on a nine-month note interest was discounted at issuance at a
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