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A bank has made a 8-year, $5,000,000 loan that pays annualinterest of 9 percent. The principal is due in 8 years. The bank iswilling to

A bank has made a 8-year, $5,000,000 loan that pays annualinterest of 9 percent. The principal is due in 8 years. The bank iswilling to sell this loan with recourse at an 9.4 percent discountrate. 2 answers

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