Exhibit 53
Use the Information Below for the Following Problem(S)

question 45

Multiple Choice

Exhibit 5.3
Use the Information Below for the Following Problem(S)
$$\begin{array} { c c } Y \text { ear } & \% \text { Price Change for CE Industries } \\\hline 2000 & 10.0 \% \\2001 & 12.0 \% \\2002 & 10.0 \% \\2003 & 11.0 \% \\2004 & 6.0 \%\end{array}$$
-Refer to Exhibit 5.3.Calculate the average annual rate of change for GB Industries for the 5 year period using the geometric mean.

• A) 9.7800%
• B) 0.0978%
• C) 9.0700%
• D) 0.0970%
• E) 3.6400%

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Definitions:

Secured Loan

A loan backed by collateral, reducing the risk for the lender and often resulting in a lower interest rate for the borrower.

Leveraged Lease

A lease agreement where the lessor uses borrowed funds to purchase an asset which is then leased to the lessee, allowing for tax benefits and risk-sharing.

Nonrecourse

A type of loan where the lender’s recovery is limited to the collateral pledged for the loan, with no further claim against the borrower in case of default.

Lease Payments

Lease Payments are regular payments made by a lessee to a lessor for the use of an asset over a specified period.