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Assume that you are a retail customer. Use the information below to answer the following question So ($/) F360 ($/) Bid $1.42 = 1.00 $1.48

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Assume that you are a retail customer. Use the information below to answer the following question So ($/) F360 ($/) Bid $1.42 = 1.00 $1.48 = 1.00 Ask $1.45 = 1.00 $1.50 = 1.00 Borrowing is 4.258 APR i 3.10% APR Lending 48 APR 38 APR If you borrowed $1,000,000 for one year, how much money would you owe at maturity

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