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| The prime lending rate of commercial banks is an announced rate and is often understated from the viewpoint of even the most credit-worthy firms. Which one of the following requirements always results in a higher effective interest rate? A. A floating rate for the loan period. B. A covenant that restricts the issuance of any new unsecured bonds during the existence of the loan. C. The imposition of a compensating balance with an absolute minimum that cannot be met by current transaction balances. D. The absence of a charge for any unused portion in the line of credit. |