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A. fixed assets. B. working capital needs. C. repayment of long-term debt. The term structure of interest rate (the yield curve) is normal when: Long

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A. fixed assets. B. working capital needs. C. repayment of long-term debt. The term structure of interest rate (the yield curve) is "normal" when: Long term interest rates are higher than short term interest rates, an inverted curve Short term interest rates are higher than long term interest rates, an upwardly sloping curve Long term and short-term interest rates are the same, a flat curve None of the above A. B. C. D. The London Interbank Offered Rate (LIBOR) A. competes with the U.S. Prime Rate for those companies with an international presence B. has been lower than the U.S. Prime Rate for at least the last decade. C. is an estimate of the interbank lending rate for London banks D. All of these options are correct

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