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5 pts Question 5 A borrower finds that the incremental cost of borrowing an extra $90,000 to finance the purchase of an investment property is
5 pts Question 5 A borrower finds that the incremental cost of borrowing an extra $90,000 to finance the purchase of an investment property is 15%. The borrower can earn 13% on alternative investments of comparable risk so he would be better off by not borrowing the extra money (ignoring tax issues). True O False
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