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42. An ARM mortgage loan that uses LIBOR as the index and has a 2.25% margin has an initial rate of 4.5% when LIBOR is

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42. An ARM mortgage loan that uses LIBOR as the index and has a 2.25% margin has an initial rate of 4.5% when LIBOR is 3.5%. We would refer to this loan as a: A) Initial Balance ARM B) Constant Payment ARM C) LIBOR advantage ARM D) Teased ARM

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