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Grecian Tile Manufacturing of Athens, Georgia, borrows $ 1 , 5 0 0 , 0 0 0 at six - month CME Term SOFR plus
Grecian Tile Manufacturing of Athens, Georgia, borrows $ at sixmonth CME Term SOFR plus a Bank Credit premium of percent and a lending margin of percent per annum on a sixmonth rollover basis from a London bank. If sixmonth CME Term SOFR is percent over the first sixmonth interval and percent over the second sixmonth interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan?
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