Case summary:
Person B has completed his graduation before six years with an undergraduate degree in finance. His aim is to become an investment banker, though he is satisfied with the present job. Person B was searching for the best college to do MBA program, which he thinks that would assist in achieving his aim. He was looking for University W and College M. The details of Person B's current job and his course details are provided.
Characters in the case:
- Person B
- University W
- College M
Adequate information:
- Person B is not allowed to work anywhere until the completion of MBA program.
- The salaries are not paid for the internship course.
Given situation:
Instead of paying cash for the MBA program, Person B have to borrow the money. The present borrowing rate is 5.4%
To find: How the given situation affects the decision of Person B.
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Corporate Finance: Core Principles and Applications (Mcgraw-hill Education Series in Finance, Insurance, and Real Estate)
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