1 a firm plans to issue 30 day commercial paper for 9900000, Ask an Expert

Finance

1. A firm plans to issue 30 day commercial paper for $9,900,000. Par value is $1,000,000. What is the firms cost of borrowing?

A) 12.12percent

B) 11.11percent

C) 13 percent

D) 14.08 percent

E) 15.25 percent

2. A repurchase agreement calls for an investor to buy securities for $4,925,000 and sell them back in 60 days for $5,000,000. what is the yield?

A) 9.43 percent

B) 9.28 percent

C) 9.14 percent

D) 9 percent

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92724833

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