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! What is the cost of an unsecured bank loan of 5400,000 with a 10% conpensating balance and interest rate of 8% per year, borrowed
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What is the cost of an unsecured bank loan of 5400,000 with a 10% conpensating balance and interest rate of 8% per year, borrowed for 180 days? The loan requies discounted interent. Aswame a 360 day weat. Submit your anwwer as a percentage and round to two decimat places ( Ex. 0.00% ) Step by Step Solution
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
