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On a discount basis, the cost of a bank loan of $1.9 million for 7 months at a quoted annual rate of 7.90% is a.12.64%

On a discount basis, the cost of a bank loan of $1.9 million for 7 months at a quoted annual rate of 7.90% is a.12.64% b.8.58% c.6.48% d.8.42% e.8.25%

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