Scenario 12-5
Suppose that Emily opens a restaurant.She receives a loan from a bank for $200,000.She withdraws $100,000 from her personal savings account.The interest rate on the loan is 6%,and the interest rate on her savings account is 2%.
-Refer to Scenario 12-5.Emily's explicit cost of capital is
A) $2,000.
B) $4,000.
C) $12,000.
D) $14,000.
Correct Answer:
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