Figure 5 4 shows that CBS s five year borrowing rate is 1 3
Figure 5.4 shows that CBS’s five-year borrowing rate is 1.3% and JPMorgan Chases’ is 2.6%. Which would you prefer? $500 from CBS paid today or a promise that the firm will pay you $550 in five years? Which would you choose if JPMorgan Chase offered you the samealternative?
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