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For bank loans, the effective interest rate is generally a)not affected by whether or not the loan is a discount loan or a traditional loan.

For bank loans, the effective interest rate is generally a)not affected by whether or not the loan is a discount loan or a traditional loan. b) higher if the loan is a premium loan. c) lower if the loan is a discount loan. d) higher if the interest is paid at maturity. E) none of the above

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