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Business, 07.04.2020 05:48 ianball025

Newot Texin, a pharmaceutical company, introduces a new pain relieving drug in the market. It borrows $1 million from Esterotia, a private bank, to market the drug. In return, Esterotia allows Newot Texin to return the full amount with interest in fixed amounts of $200,000 every six months. Which of the following sources of long-term funds is being used by Newot Texin in the given scenario?

a. A term loan
b. A revolving credit agreement
c. Commercial paper
d. Trade credit

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Newot Texin, a pharmaceutical company, introduces a new pain relieving drug in the market. It borrow...
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