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A borrower typically receives loan proceeds that are net of expenses paid to the lender and also third parties. Payments made ultimately reflect an interest

A borrower typically receives loan proceeds that are net of expenses paid to the lender and also third parties. Payments made ultimately reflect an interest rate greater than the face rate. This implied interest rate is known as:

A. Lender yield

B. IRR

C. Truth in lending

D. Effective borrowing cost

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