question archive A firm has directly placed an issue of commercial paper that has a maturity of 60 days

A firm has directly placed an issue of commercial paper that has a maturity of 60 days

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A firm has directly placed an issue of commercial paper that has a maturity of 60 days. The issue sold for
P980,000 and has an annual interest rate of 12 percent. The value of the commercial paper at maturity is *
Format: 111, 111

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