Hyannas Inc. has recently arranged financing for its planned expansion. The company arranged a $5,000,000 bank loan
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Hyannas Inc. has recently arranged financing for its planned expansion. The company arranged a $5,000,000 bank loan that is secured against the inventory, receivables, and certain capital assets. The second loan is for $2,000,000 and is an unsecured loan. Which loan would you expect to have a higher interest rate? Explain.
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