e. After 8 years, when the market interest rate has dropped to 8%, the company would like
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e. After 8 years, when the market interest rate has dropped to 8%, the company would like to refinance the loan. What is the “refinancing fine” the bank would charge the firm if it would like to be compensated for the cost of the refinancing?
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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