Question
U-KEA has borrowed a $250,000 discounted bank loan for 6-month (182-day) at a stated annual interest rate of 10 percent. The loan requires no compensating
U-KEA has borrowed a $250,000 discounted bank loan for 6-month (182-day) at a stated annual interest rate of 10 percent. The loan requires no compensating balance. What is the annual financing cost of U-KEA?
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
