A firm issued $2 million worth of commercial paper that has a 90-day maturity and sells for $1,900,000. The annual interest rate on the issue of commercial paper is ________ (assume 360 days in a year).
A) 5.26 percent
B) 10 percent
C) 17.77 percent
D) 21.05 percent
D) 21.05 percent
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Which of the following statements about interests is true?
A. There is only one type of interest in a dispute. B. Interests are often based in more deeply rooted human needs or values. C. Interests do not change during the course of an integrative negotiation. D. Parties are always in agreement about the type of interests at stake.
There are many different stakeholders found in an organization with common business interests. Depending on the stakeholder's perspective, the business strategy can change. Which of the following is not a main concern for shareholders/investors?
A. Job security B. Maximize profits C. Grow market share D. High return on investment
Production costs include direct materials, direct labor, and selling costs
Indicate whether the statement is true or false
Commercial paper is a discount interest loan.
Answer the following statement true (T) or false (F)