FINANCE-Worthington, Inc. is planning to issue $7,500,000 in 120-day maturity

FINANCE-Worthington, Inc. is planning to issue $7,500,000 in 120-day maturity

Question # 00128259 Posted By: kimwood Updated on: 11/02/2015 11:59 AM Due on: 12/02/2015
Subject Business Topic General Business Tutorials:
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Worthington, Inc. is planning to issue $7,500,000 in 120-day maturity notes carrying a rate 3. of 11 percent per year. Worthington’s commercial paper will be placed at a cost of $35,000. What is the effective cost of credit to Worthington? 300 word essay if possible explaining answer
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    Tutorial # 00122696 Posted By: kimwood Posted on: 11/02/2015 11:59 AM
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