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Friedman Roses, Inc. needs $80,000 in funds for expansion. With a compensating balance requirement of 20%, how much will the firm need to borrow? Select

Friedman Roses, Inc. needs $80,000 in funds for expansion. With a compensating balance requirement of 20%, how much will the firm need to borrow?

Select one:

A. $16,000B. $80,000C. $100,000D. none of the above

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