Rafi Ltd. issue 120 days commercial paper with face value Tk. 10,000 at sold at Tk. 9,000. The credit rating expenses are 1% of the size of the issue and stamp duty is 2%. What is the cost of commercial paper?

 Rafi Ltd. issue 120 days commercial paper with face value Tk. 10,000 at sold at Tk. 9,000. The credit rating expenses are 1% of the size of the issue and stamp duty is 2%. What is the cost of commercial paper?