How is the prime rate of interest relevant to the cost of short-term bank borrowing? What is

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How is the prime rate of interest relevant to the cost of short-term bank borrowing? What is a floating-rate loan?

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Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Question Posted: Mar 05, 2012 04:04 AM

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How is the prime rate of interest relevant to the cost of short-term bank borrowing? What is

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The prime rate of interest which is the lowest rate charged on business loans to the best busi...View the full answer

Principles Of Managerial Finance

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