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Compute the commercial paper APR and rEAR

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Reference no: EM132698833

Problem - Xenon Xrays (XX) recently issued 180-day commercial paper with a face value of $100,000 and a simple interest rate of 7 percent. XX paid a transaction fee equal to 0.3 percent of the issue, which was taken out of the issue amount before the company received any funds. Compute the commercial paper's APR and rEAR.

Reference no: EM132698833

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