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*URGENT* Martin is offered an investment where for $4500 today, he will recoeve $4,815 in one year. He decides to borrow $4,500 from the bank
*URGENT*
Martin is offered an investment where for $4500 today, he will recoeve $4,815 in one year. He decides to borrow $4,500 from the bank to make this investment. What is the maximum interest rate the bank needs to offer the loan if Martin is at least to break even on this investment?
A) 6%
B) 5%
C) 7%
D) 8%
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Active Value Investing Making Money In Range Bound Markets
Authors: Vitaliy N. Katsenelson
1st Edition
0470053151, 978-0470053157
