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irecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.32 percent per annum on a ix-month rollover basis from
irecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.32 percent per annum on a ix-month rollover basis from a London bank. If six-month LIBOR is 4.85 percent over the first six-month interval and 5.410 percent over le second six-month interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? (Do not round termediate calculations. Round your answer to 2 decimal places.) irecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.32 percent per annum on a ix-month rollover basis from a London bank. If six-month LIBOR is 4.85 percent over the first six-month interval and 5.410 percent over le second six-month interval, how much will Grecian Tile pay in interest over the first year of its Eurodollar loan? (Do not round termediate calculations. Round your answer to 2 decimal places.)
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