The Water's Edge has a variable-rate loan. The benchmark rate is the Treasury bill rate and the
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The Water's Edge has a variable-rate loan. The benchmark rate is the Treasury bill rate and the spread is 3.5 percent. What is the interest rate on this loan if the Treasury bill rate is currently 2.6 percent?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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