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pompa pompa
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7 years ago
Lenders recognize that by having an interest in collateral they can reduce losses if the borrowing firm defaults, ________.
A) and the presence of collateral reduces the risk of default
B) but the presence of collateral has no impact on the risk of default
C) therefore lenders prefer to lend to customers from whom they are able to demand collateral
D) therefore lenders will impose a higher interest rate on unsecured long-term borrowing
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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pompa Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
choih94
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Yesterday
Thanks
kriggs62
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2 hours ago
You make an excellent tutor!
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