4 Problem 11.1 Check my work 14.28 points eBook Required: Grecian Tile Manufacturing of Athens, Georgia,...

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4 Problem 11.1 Check my work 14.28 points eBook Required: Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at six-month CME Term SOFR plus a Bank Credit premium of 0.46 percent and a lending margin of 0.95 percent per annum on a six-month rollover basis from a London bank. If six-month CME Term SOFR is 2.515 percent over the first six-month interval and 3.390 percent over the second six-month interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Ask Interest Print References C 4 Problem 11.1 Check my work 14.28 points eBook Required: Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at six-month CME Term SOFR plus a Bank Credit premium of 0.46 percent and a lending margin of 0.95 percent per annum on a six-month rollover basis from a London bank. If six-month CME Term SOFR is 2.515 percent over the first six-month interval and 3.390 percent over the second six-month interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Ask Interest Print References C