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Walid carries on a retail electronics equipment sales business. He needs a new delivery truck. He is considering two option for acquiring the truck: a

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Walid carries on a retail electronics equipment sales business. He needs a new delivery truck. He is considering two option for acquiring the truck: a secured bank financing and lease financing with an option to purchase the truck. Which of the following distinguishes secured bank financing from lease financing? Select one: OA. Nothing. Secured bank financing and lease financing are exactly the same. OB. In a lease financing, the lessor does not have to worry about being able to get the truck back. OC. Lease financing will be more expensive than secured bank financing. OD. In a lease financing, Walid would not own the truck until he exercised the option to purchase in the lease. OE. Lease financing will be harder Quiz #5 (page 5 of 30) and 3 m. incing

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