Hi Maggie,
you are assuming that interest rates will only rise by a small amount. If the genie of inflation gets out of the bottle as the current US inflation figure is around 6-7%, then when you have hundreds of millions borrowed, or a billion, it start to hurt in your profits as payback to shareholders. Happy for you to disagree with my views, but businesses can have huge borrowing.
Hi Maggie, you are assuming that interest rates will only rise...
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