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8. In a 5/1 ARM with a 2/1/4 cap, if the initial rate is 4%, what is the maximum rate of the loan after ten

8. In a 5/1 ARM with a 2/1/4 cap, if the initial rate is 4%, what is the maximum rate of the loan after ten years?

A) 6%

B) 8%

C) 9%

D) 11%

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