Question
A 30 year 1/1 ARM has an initial rate of 3.75%. In the future, the rate will reset to 325 basis points above the LIBOR
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A 30 year 1/1 ARM has an initial rate of 3.75%. In the future, the rate will reset to 325 basis points above the LIBOR index with no rate caps or floors. In 1 year, at the time of the first reset, the LIBOR is 1%. What will be the fully indexed rate at the first reset?
A. 4.75%
B. 1.00%
C. 4.25%
D. 7.00%
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Recession Proof Setups 21 Proven Stock Market Trading Strategies In A Bear Market
Authors: Matthew Giannino
1st Edition
1734554037, 978-1734554038
