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Which of the following statements is correct in respect of interest rates?A. The higher the interest rate the lower the monthly payments that a borrower will makeB. A high risk borrower is likely to be charged a lower interest rateC. A low risk borrower is likely to be charged a higher interest rateD. A high risk borrower is likely to be charged a higher interest rateE. The interest rate is the cost of debt for the lender

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