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CountrySlim84 CountrySlim84
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A typical five-year revolving line of credit is characterized by

▸ a fixed interest rate for the five years.

▸ a floating interest rate, renewed periodically during the five-year term.

▸ an interest rate that is lower than the prime rate because these lines of credit are only offered to the most creditworthy firms.

▸ B and C
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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djbo89djbo89
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A month ago
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