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A bank is charging a rate of 12.00% on a loan, and the probability of default is 5% with a 60% salvage value. What is
A bank is charging a rate of 12.00% on a loan, and the probability of default is 5% with a 60% salvage value. What is the highest required return such that this loan would be made?
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
