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ABC Co. can borrow 7M HUF at LIBOR + .50 p.a. three-month on a rollover basis. LIBOR3month is currently at 2.50%. Assume that for the

ABC Co. can borrow 7M HUF at LIBOR + .50 p.a. three-month on a rollover basis. LIBOR3month is currently at 2.50%. Assume that for the next 3-month period LIBOR3month increases to 2.80%. How much interest will the company pay over the 6-month period? (10 points)

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