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Item 1 2 Kai Jones wants to borrow money for six years to purchase a new car. He has been offered a seven percent fixed
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Kai Jones wants to borrow money for six years to purchase a new car. He has been offered a seven percent fixed rate loan and also a variable rate loan that has an initial rate of five percent. By choosing the variable rate loan, Kai is reducing the lender's risk by:
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
