Apex Supplies borrows FF 1 million at 12%, payable in one year. If Apex is required to
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Apex Supplies borrows FF 1 million at 12%, payable in one year. If Apex is required to maintain a compensating balance of 20%, what is the effective percentage cost of its loan (in FF)?
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Related Book For
Foundations Of Multinational Financial Management
ISBN: 9780470128954
6th Edition
Authors: Alan C Shapiro, Atulya Sarin
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