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A firm's is measured by bond ratings. Multiple Choice Interest rate risk. Exchange rate risk. Equity risk. Default risk. Operating risk. Today, you borrowed $25,000
A firm's is measured by bond ratings. Multiple Choice Interest rate risk. Exchange rate risk. Equity risk. Default risk. Operating risk. Today, you borrowed $25,000 at 6.5% with semi-annually compounding. You have agreed to pay off the loan over 6 years by making equal monthly payments. If you were solving for your unknown monthly payment amount using the annuity present value equation, what interest rate would you use? (Hint: You don't actually need to solve for your unknown payment amount.) Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response
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