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PRINTER VERSION BACK NEXT Problem 13.17 Your answer is partially correct. Try again. Suppose two firms want to borrow money from a bank for a period of one year. Firm A has excellent credit, whereas Firm B's credit standing is such that it would pay prime + 2 percent. The current prime rate is 6.55 percent, the 30-year Treasury bond yield is 4.30 percent, the three-month Treasury bill yield is 3.54 percent, and the 10-year Treasury note yield is 4.22 percent. Now suppose that Firm B decides to get a term loan for 10 years. What is the loan rate for the firm? (Round percentage to 2 decimal places, e.g 52.3290.) Firm B's loan rate 7.26% How does this affect the company's borrowing cost? Company's borrowing cost will increase Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 2 of 3 used