Question
A Corporation needs $250,000 to complete a project. The bank requires a compensating balance requirement of 12%. The corporation would like to have the entire
A Corporation needs $250,000 to complete a project. The bank requires a compensating
balance requirement of 12%. The corporation would like to have the entire $250,000 after the
compensating balance has been accounted for. How much should the company request to
have $250,000 after the 12% compensating balance
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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
