Freeman expects to sell the commercial paper for 2980000
Freeman Corp., a large corporation, plans to issue 45 - day commercial paper with a par value of $3,000,000. Freeman expects to sell the commercial paper for $2,980,000. What is Freeman's annualized cost of borrowing?
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freeman corp a large corporation plans to issue 45 - day commercial paper with a par value of 3000000 freeman expects
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