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  3. score: 0 of 1 pt 9 of 10 ( complete) hw score: 0%,

Score: 0 of 1 pt 9 of 10 ( complete) HW Score: 0%, 0 of...

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Finance

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Score: 0 of 1 pt 9 of 10 ( complete) HW Score: 0%, 0 of 10 pts P15-18 (similar to) Question Help Commercial paper. Criss Cross Manufacturers will issue commercial paper for a short-term cash inflow. Criss-Cross must raise $5,850,000, and the paper will have a maturity of 182 days. If this paper has a maturity value of $50,000 and is selling at an annual interest rate of 9.7%, what are the proceeds from each paper, that is, what is the discount rate on the commercial paper? What is the discount rate on the commercial paper? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer GO Chock Answer 1 part remaining

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