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Category > Business & Finance Posted 20 May 2017 My Price 8.00

Magna Corporation

  1. Magna Corporation has an issue of commercial paper with a face value of $1,000,000 and a maturity of six months. Magna received net proceeds of $973,710 when it sold the paper. What is the effective annual rate of the paper to Magna?

  2. What is the difference between direct paper and dealer paper?

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Status NEW Posted 20 May 2017 10:05 AM My Price 8.00

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