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Calculate the selling price of the commercial paper

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Reference no: EM132632682

Ajax Co. issues 364-day commercial paper with a face value of $65,000 to yield 5.60%. Calculate the selling price of the commercial paper.

Reference no: EM132632682

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Calculate the selling price of the commercial paper : Ajax Co. issues 364-day commercial paper with a face value of $65,000 to yield 5.60%. Calculate the selling price of the commercial paper.
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