Tuesday
September 2, 2014

Homework Help: FINANCE

Posted by KEVIN on Tuesday, November 30, 2010 at 11:19am.

Carborundum Metals issues commercial paper with a face value of $1,000,000 and a maturity of three months. Carborundum receives net proceeds of $992,000 when it sells the paper. If the prime rate is 8% APR compounded quarterly, how much savings in interest did Carborundum realize by accessing the commercial paper market?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Carborundum Metals issues commercial paper with a face value of $1,000...
Finance - A firm issues three-month commercial paper with $200,000 face value ...
Finance - calculate the annualized rate of return on a 200 day commercial paper...
Finance - Suppose Preun Inc. issues $200 million in 60 day maturity commercial ...
accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...
math! - Imagine that you are doing research for a term paper in your English ...
accounting - Cournot Company sells 100,000 wrenches for $12 a unit. Fixed costs ...
finance - A manufacturing company issues a bond with a 100,000 face value and a ...
finance - One yaer fom now, how much value creation is expected from the ...
healthcare fiancare - HINT: 6% X $1,000,000 {20% X ($1,000,000 (6% X $1,000,...

Search
Members