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A firm needs $100,000 to finance a project. it can get a loan from its bank at 9% but also has to maintain a compensating
A firm needs $100,000 to finance a project. it can get a loan from its bank at 9% but also has to maintain a compensating balance of 6%. what is its effective rate of interest?
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
