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Question
All the following statements about residual value guarantees are correct except
residual value guarantees
A. protect lessors against lessees who abuse leased assets.
B. protect lessees against lessors who abuse leased assets.
C. protects lessors against technological changes.
D. protects lessors against marketplace changes.
Answer
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C. all operating costs, depreciation, taxes, and a fair return on invested capital.
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B. borrowers.
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