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Question 22 (4 points) Which of the following loans you would take to finance a...

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Question 22 (4 points) Which of the following loans you would take to finance a $1,000,000 expansion. Be sure to do sufficient calculations to defend you answer. Bank Alpha requires a 20% compensating balance, discounts the loan and wants to be paid back in 4 quarterly payments. Omega Bank requires a 10% compensating balance but does not discount the loan and wants to be paid back in 12 monthly instaliments. The stated rate at both banks is 9%

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