If Your Firm Had $300,000,the Going Rate of Interest on Business

question 291

Multiple Choice

If your firm had $300,000,the going rate of interest on business loans was 12 percent and your firm's expected profit rate was 17 percent,what would you do with this money?

• A)Keep it in the bank.
• B)Lend it to a competitor.
• C)Use it to finance your own expansion.

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