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The howland carpet company has grown rapidly during the past 5 years recently its commercial bank urged the company to consider increasing its permanent financing its bank loan under a line of credit has risen to 250 000 carrying an 8 interest rate howland has been 30 to 60 days late in paying trade creditors discussions with an investment banker have resulted in the decision to raise 500 000 at this time investment bankers have assured the firm that the following alternatives are feasible flotation costs will be ignored brigham eugene f financial management theory practice 13th edition south western educational publishing 03 2010 p 782 vbk 1111894922 outline 21 10 | ||
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