The Missouri River Pendant Company uses commercial paper to satisfy part of its short-term
financing requirements.
Next week, it intends to sell $18 million in 90-day maturity paper on
which it expects to have to pay discounted interest at an annual rate of 7 percent per annum. In
addition, Stoney River expects to incur a cost of approximately $25,000 in dealer placement fees
and other expenses of issuing the paper. What is the effective annual cost of credit to Missouri
River?
A) 7.3% B) 7.1% C) 7.5% D) 7.7%
D
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Focus on satisfying internal customers is associated with which procurement objective?
a. managing the supply base b. supporting operational requirements c. supporting organizational goals and objectives d. managing the purchasing process effectively and efficiently
A target market is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutually satisfying exchanges
Indicate whether the statement is true or false