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Sfm portfolio management
lml and co. plans to issue commercial paper of 100000 at a price of 98000 maturity 4months
expenses of issuee of comm.paper are
brokerage 0.10%
rating charges 0.60%
stamp duty 0.15%
what is effective interest rate per annum and cost of fund
Replies (2)
{2000+(.6%+.1%+.15%) of 100000 }×12÷4÷100000
U give wrong ans right is 8.75 and my ans is approx8.72 near to ideal ans
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