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You are the Chief Credit Officer of Bank ABC. Your top business development officer comes in with a proposal to make a loan to a
You are the Chief Credit Officer of Bank ABC. Your top business development officer comes in with a proposal to make a loan to a new customer, XYZ Corp., which would result in XYZ bringing ALL. Their banking business and deposits to your bank, a very desirable outcome. XYZ buys and then leases out heavy construction equipment to contractors, normally for up to 5 years. a. As part of your decision making process. what information must XYZ bring to you? b. Assuming most of XYZ's equipment has an average life of 5 years, what kind of financing would be most appropriate for XYZ
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