A firm needs spare cash to deal with capital budget appropriations, dividend payments, and other large outlays.The interest rate on bank loans is simply quoted as:

Name: A firm needs spare cash to deal with capital budget appropriations, dividend payments, and other large outlays.The interest rate on bank loans is simply quoted as:
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Question

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Simple interest is the interest charged on the principal amount only, and it is usually quoted as a percentage of the principal amount per year.

A Firm Needs Spare Cash to Deal with Capital Budget