What is the effective annual rate on a 1-year loan with an interest rate quoted on a

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What is the effective annual rate on a 1-year loan with an interest rate quoted on a discount basis of 20%?

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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Question Posted: Nov 14, 2017 02:13 AM

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What is the effective annual rate on a 1-year loan with an interest rate quoted on a

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For every 1000 you borrow your present value is 1000 1 ...View the full answer

Fundamentals of Corporate Finance

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