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Extreme Championship Workshop of Haverford, Pennsylvania borrows $4,300,000 at LIBOR plus a lending margin of 1 percent per annum on a six-month rollover basis from
Extreme Championship Workshop of Haverford, Pennsylvania borrows $4,300,000 at LIBOR plus a lending margin of 1 percent per annum on a six-month rollover basis from a London bank. If six-month LIBOR is 5.6 percent over the first six-month interval and 45/8 percent over the second six-month interval, how much will Tilapia Bass Shops pay in interest over the first year of its Eurodollar loan? $382,350.00 $219,837.50 $458.000.00 $462,500.50
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