Friedman Roses Inc. needs $80,000 in funds for expansion. With a compensating balance requirement of 19%, how

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Friedman Roses Inc. needs $80,000 in funds for expansion. With a compensating balance requirement of 19%, how much will the firm need to borrow? nearest dollar amount.) Choice

$18,765

$98,765

$80,000

$98,815

Related Book For answer-question

Financial Theory and Corporate Policy

ISBN: 978-0321127211

4th edition

Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri

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Posted Date: Oct 06, 2022 06:06 AM

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Friedman Roses Inc. needs $80,000 in funds for expansion. With a compensating balance requirement of 19%, how

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Answer is option B 98765 Fund required fo... View the full answer

Financial Theory and Corporate Policy

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