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Author Question: Quincy Fathows & Co. plans to issue commercial paper for the first time in its 85-year history. The ... (Read 319 times)

arivle123

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on: May 1, 2019
Quincy Fathows & Co. plans to issue commercial paper for the first time in its 85-year history. The firm plans to issue $400,000 in 120-day maturity notes. The paper will carry a 13% quarterly compounded rate with discounted interest and will cost Quincy Fathows $8,000 in advance to issue.

a.What is the effective cost of credit to Quincy Fathows?
b.What other factors should the firm consider in analyzing whether or not to issue the
commercial paper?
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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Marked as best answer by arivle123 on May 1, 2019

joshbk44

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Reply #1 on: May 1, 2019
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arivle123

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Reply 2 on: May 1, 2019
YES! Correct, THANKS for helping me on my review

JCABRERA33

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Reply 3 on: Yesterday
Wow, this really help

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