Eurocurrency Market Question: SNC-Lavalin of Montreal borrows $1,500,000 at LIBOR plus a lending margin of 1.25 percent per annum on a six-month rollover basis from a London bank. If six-month LIBOR is 49 percent over the first six-month interval and 5 3/3 percent over the second six- month interval, how much will SNC-Lavalin pay in interest over the first year of its Eurodollar loan? 8