Business, 21.11.2019 02:31 kmoo176394
The treadwater bank wants to raise $ 1 comma 000 comma 000 using three-month commercial paper. the net proceeds to the bank will be $ 988 comma 000. what is the effective annual rate of this financing for treadwater? magna corporation has an issue of commercial paper with a face value of $ 1 comma 000 comma 000 and a maturity of six months. magna received net proceeds of $ 973 comma 719 when it sold the paper. what is the effective annual rate of the paper to magna? assume that the prime rate is 7.7 % apr, compounded quarterly. how much dollar savings in interest did treadwater and magna achieve by accessing the commercial paper market? 1. how much dollar savings in interest did treadwater achieve by accessing the commercial paper market?
2. how much dollar savings in interest did magna achieve by accessing the commercial paper market?
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The treadwater bank wants to raise $ 1 comma 000 comma 000 using three-month commercial paper. the n...
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