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Which of the following is NOT a determinant of demand?
Credit Risk
The potential for loss due to a borrower's failure to make payments on any type of debt.
Tax Treatment
The specific way tax laws apply to particular transactions or classes of income in a financial context.
Interest Rates
The percentage rate of a loan that is charged as interest to the borrower, routinely represented as an annual percentage of the outstanding loan principal.
New Shares
Shares that are issued by a company for the first time to the public, typically through an initial public offering (IPO) to raise capital.
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