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7) The Axiom company has entered into an agreement to borrow from a bank at a rate of LIBOR plus 175 basis points. If LIBOR

7) The Axiom company has entered into an agreement to borrow from a bank at a rate of LIBOR plus 175 basis points. If LIBOR is currently 2.25% what is the all in borrowing rate for Axiom? (11 pts) Verdana 10pt v A T. > . O WORDS POWERED BY TINY

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