Consolidated Corporation Requires C$50 Million in Funds

question 15

Multiple Choice

Consolidated Corporation requires C$50 million in funds. The bank has offered them a discounted loan at 8% with a compensating balance of 15%. How much must they borrow in order to net this amount?

• A) 64,935,165
• B) 55,455,700
• C) 85, 985,005
• D) 35,097,555

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Definitions:

Cognitive Dissonance Theory

A theory suggesting that individuals experience psychological discomfort (dissonance) when holding two or more contradictory beliefs, ideas, or values.

Role-Playing Theory

The concept that individuals learn and understand roles by acting them out, which can influence their behavior and perceptions in various social contexts.

Attribution Theory

A psychological theory focused on how individuals interpret events and how this relates to their thinking and behavior.

Attitude Theory

A field of study within social psychology that examines how beliefs, feelings, and behaviors towards objects or concepts are organized and how they influence actions.