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After-tax cost of bank overdraft

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If the nominal interest rate for bank overdraft is 7.16% p.a., what would be the after-tax cost of Bank Overdraft compounded quarterly? Assume that the applicable tax rate is 20%. (Round your final answer in % to 2 decimal points. If your answer is 3.578%, write only 3.58)

Reference no: EM133114002

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