If a Firm Purchases a Cap at 10% This Will

question 48

Multiple Choice

If a firm purchases a cap at 10% this will:

• A)limit the amount of borrowing to 10% of assets.
• B)pay the firm 10% on their purchase.
• C)will pay the holder the LIBOR interest above 10%.
• D)will pay the holder the LIBOR interest below the 10%.
• E)None of the above.

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