Question
If your firm had $300,000, the going rate of interest on business loans was 12 percent and your firm's expected profit rate was 17 percent,
If your firm had $300,000, the going rate of interest on business loans was 12 percent and your firm's expected profit rate was 17 percent, what would you do with this money?
Group of answer choices
Keep it in the bank.
Lend it to a competitor.
Use it to finance your own expansion.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
