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Which loan strategy would achieve some flexibility; no exposure to credit risk but exposure to repricing risk? Question 22 options: A company borrows $1 million

Which loan strategy would achieve some flexibility; no exposure to credit risk but exposure to repricing risk?

Question 22 options:

A company borrows $1 million for one year at a fixed rate, then renew the credit annually

A company borrows $5 million for five years at a fixed interest rate

A company borrows $5 million for five years at a floating rate, LIBOR + 1%

A company borrows $1 million for one year at LIBOR + 1%, then renew the credit annually

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