Neptune Inc. and Atlantis Inc. both seek funding at the lowest possible cost. Neptune would prefer the
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Neptune Inc. and Atlantis Inc. both seek funding at the lowest possible cost. Neptune would prefer the flexibility of floating rate borrowing while Atlantis wants the security of fixed rate borrowing. Neptune is the more credit-worthy company and, with the better credit rating, has lower financing costs in both debt markets. They each face the following rate structure:
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