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7.The Ready to Borrow Company has ordered some manufacturing equipment for which it must pay in full when the equipment is delivered three months from
7.The Ready to Borrow Company has ordered some manufacturing equipment for which it must pay in full when the equipment is delivered three months from now, and which the company expects to use productively for many years. Which of the following would be appropriate aspects of the loan structure, assuming all other aspects of the credit analysis are satisfactory? 1. A revolving line, which the company can borrow, repay, and reborrow 2. A single advance made now, three months before the equipment arrives 3. A commitment to lend the agreed-upon amount when the equipment arri 4. A scheduled repayment consistent with the company's cash flow and the useful life of the equipment 1 only 2 and 4 3 and 4 3 only
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