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What is the effective rate on an 8% loan subject to a 20% minimum compensating balance? Show your work please a. 9.6% b. 10% c.
What is the effective rate on an 8% loan subject to a 20% minimum compensating balance? Show your work please
| a. | 9.6% |
| b. | 10% |
| c. | 8.13% |
| d. | none of the above |
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Introductory Econometrics For Finance
Authors: Chris Brooks
2nd Edition
052169468X, 9780521694681
