1. The Signet Corporation has issued? four-month commercial paper with a $6.0 million face value. The firm netted $5,870,850 on the sale. What effective annual rate? (EAR) is Signet paying for these? funds?
2. The steps in customer oriented pricing are beneficial in that they:
a. help distinguish between "carriage trade" and "bargain basement" customers
b. serve as a decision-making framework for pricing in the high-tech environment
c. allow the marketer to make a quick and easy pricing decision
d. provide the marketer with a greater understanding of the customer's cost limitation
e. ensure profitability based on cost versus price