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6 July, 21:29

Fred has good credit and can borrow at 5%. Bob has poor credit and can borrow at a rate of 11%. What is the amount of the risk premium that Bob will pay?

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  1. 6 July, 21:52
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    6%

    Explanation:

    By subtracting 11% by 5% you will get 6%, which is the premium Bob is paying
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