17. In problem 16, what long-term interest rate would represent a break-even point between using short-term financing

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17. In problem 16, what long-term interest rate would represent a break-even point between using short-term financing as described in part a and long-term financing?

Hint: Divide the interest payments in 16a by the amount of total funds provided for the six months and multiply by 12.

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Foundations Of Financial Management

ISBN: 9780073382388

13th Edition

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

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Question Posted: Oct 22, 2024 06:00 AM

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17. In problem 16, what long-term interest rate would represent a break-even point between using short-term financing as described in part a and long-term financing? Hint: Divide the interest...
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17. In problem 16, what long-term interest rate would represent a break-even point between using short-term financing

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Foundations Of Financial Management

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