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Assuming you find that the incremental cost of borrowing an extra $1,000 is 5%. You can earn 8.5% at most on alternative investments of comparable
Assuming you find that the incremental cost of borrowing an extra $1,000 is 5%. You can earn 8.5% at most on alternative investments of comparable risk. Should you borrow the extra at 5%? a. Yes b. No c. Indifferent.
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