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solina solina
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7 years ago
The Blackstone River Textiles Company will borrow $50 million for 6 months days from Woonssocket Bank. The bank will charge Blackstone 4.5 % on a discounted basis. What is the dollar amount of interest Stoney River will need to pay and how much of the loan will Blackstone actually be able to use?
A) $1,125,000 , $48,875,000
B) $1,125,000, $50,000,000
C) $2,250,000, $47,750,000
D) $1,178,009, $50,000,000
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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solina Author
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6 years ago
Thank you
-solina
Heavy Heart Thank you bio-forums! Heavy Heart
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