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Crocius International can borrow $4,000,000 at LIBOR plus lending margin of 0.55 percent per annum on a three month rolover basis from Citibank. Suppose that

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Crocius International can borrow $4,000,000 at LIBOR plus lending margin of 0.55 percent per annum on a three month rolover basis from Citibank. Suppose that the three month LIBOR is currently 5 15 327. Further suppose over the second three month interval LIBOR falls 5 0D 1 8 7. How much will Crocious pay in interest to Citibank over the six month period for the Eurodollar loan? Bole Crocius International can borrow $4,000,000 at LIBOR plus lending margin of 0.55 percent per annum on a three month rolover basis from Citibank. Suppose that the three month LIBOR is currently 5 15 327. Further suppose over the second three month interval LIBOR falls 5 0D 1 8 7. How much will Crocious pay in interest to Citibank over the six month period for the Eurodollar loan? Bole

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