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How can the refinancing decision be evaluated as a

Question: a. How can the refinancing decision be evaluated as a comparison of two loan values?

b. How must you define the new loan (or replacement loan) in such an analysis.

c. Why is the refinancing decision not, fundamentally, a comparison of two loan values?

d. What is it instead?

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Finance Basics: How can the refinancing decision be evaluated as a

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