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A bank lends a firm $500,000 for one year at 8 percent and requires compensating balances of 10 percent of the face value of the loan. The effective annual interest rate associated with this loan is
Basic Finance, Finance
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A firm has total assets of $592395, current assets of $186859, current liabilities of $143545, and total debt of $210421. What is the debt-equity ratio? Round your answer to two decimal places.
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