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7) Suppose you have $15,000m a bank account earning an interest rate of5% per year. At the same time you have an unpaid balance on

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7) Suppose you have $15,000m a bank account earning an interest rate of5% per year. At the same time you have an unpaid balance on your credit card of $8,000 on which you are paying an interest rate of 17% per year. What arbitrage opportunity do you face? B) $720 per yar D) $1020 per year A) $780 per year C) $960 per year

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