C) Heading for a loss 24) The Bank of Joe makes a five year $25,000 fixed rate 4% car loan funded by the issuance of a one year $ 25,000 CD with a 1% interest rate. What is the initial spread? A) 4% B) 1% C) 3% D) -3% 25) What is the one year GAP for the situation in the above problem? Al $25000 B) 8750 C) -$ 25,000 D) -$750