What is the effective rate of a 120000000, Financial Management

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What is the effective rate of a 120000000

If the XYZ Co. plans to sell some 270 day commercial paper at a 7% per annum discounted and is expected to have $550,000i dealer placement fees, what is the effective rate of a $120,000,000 issue? (Please Answer question showing Steps, and without using excel)

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Financial Management: What is the effective rate of a 120000000

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Financial Management: What is the effective rate of a 120000000

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