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100% 5. Meril Drongou can borrow $2,350,000 at LIBOR plus lending margin of 0.40 percent per annum on a three month relover basis from Citibank

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100% 5. Meril Drongou can borrow $2,350,000 at LIBOR plus lending margin of 0.40 percent per annum on a three month relover basis from Citibank Suppase that the three month LIBOR is currently 4 12/32 - Further suppose over the second three month interval LIBOR falls 44/4. How much will Meril Drongou pay in interest to Citibank over the six month period for the Eurodollar loan? (20 points). 100% 5. Meril Drongou can borrow $2,350,000 at LIBOR plus lending margin of 0.40 percent per annum on a three month relover basis from Citibank Suppase that the three month LIBOR is currently 4 12/32 - Further suppose over the second three month interval LIBOR falls 44/4. How much will Meril Drongou pay in interest to Citibank over the six month period for the Eurodollar loan? (20 points)

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