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1 October, 08:40

Friedman roses inc. needs $65,000 in funds for expansion. with a compensating balance requirement of 20%, how much will the firm need to borrow?

a. $16,000

b. $81,250

c. $100,000

d. none of these options

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Answers (1)
  1. 1 October, 10:44
    0
    Answer: He will need $81,250
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