Question
The effective annual rate (rEAR) it pays on a loan is lower whenever a firm must use some of the proceeds from the loan to
The effective annual rate (rEAR) it pays on a loan is lower whenever a firm must use some of the proceeds from the loan to meet the bank's compensating balance requirement.
True
False
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
