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An insurance company owns $50 million of floating-rate bondsyielding LIBOR plus 1 percent. These loans are financed with $50million of fixed-rate guaranteed investment contracts (GICs)costing

An insurance company owns $50 million of floating-rate bondsyielding LIBOR plus 1 percent. These loans are financed with $50million of fixed-rate guaranteed investment contracts (GICs)costing 10 pe 1 answer

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