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Business, 11.07.2019 02:30 crun

On october 31, 2009, sky co. borrowed $16 million cash and issued a 7-month, noninterest-bearing note. the loan was made by star finance co. whose stated discount rate is 8%. sky's effective interest rate on this loan is:

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On october 31, 2009, sky co. borrowed $16 million cash and issued a 7-month, noninterest-bearing not...
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