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daniellasousa daniellasousa
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5 years ago
Martin is offered an investment where for $5000 today, he will receive $5250 in one year. He decides to borrow $5000 from the bank to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment?

▸ 5.6%

▸ 3.2%

▸ 4.8%

▸ 5.0%
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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kwashington67kwashington67
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5 years ago
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daniellasousa Author
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#2
5 years ago
Thanks
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