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An established diagnostic center needs a new mammogram machine. The center has incurred higher debt and is very highly leveraged but decides to apply for another secured loan at its local bank. What will the bank decide about the securred loan? 1) the interest rate will be lower, 2) the interest rate will remain stable, 3) the interest rate will be higher, 4) the interest rate will be variable.

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Financial Management, Finance

Category:- Financial Management
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