Would differentials in borrowing costs for businesses of equal risk located in California andNew York be more or less likely to exist than differentials in residential mortgage rates?Would differentials in the cost of money for New York and California firms be more likelyto exist if the firms being compared were very large or if they were very small? What arethe implications of all of this with respect to nationwide branching?Copyright | CENGAGE Learning | Fundamentals of Financial Management, Concise Edition | Edition 9 | T..8@OUTLOOK.COM | Printed from www.chegg.com