AXN Sdn bhd needs to raise RM1, 000,000 in short-term loan for five months. a commercialpaper with a face value of RM 10
Posted: Sun Jul 03, 2022 12:57 pm
AXN Sdn bhd needs to raise RM1, 000,000 in short-term loan forfive months. a commercialpaper with a face value of RM 100,000 eachat 12% per annum. The issuing cost is RM3,000per paper. Compute theeffective cost of financing