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Question 4 (3 points) If a variable loan has a rate of LIBOR + 1% and LIBOR changes from 5% to 5.25%, the variable rate

Question 4 (3 points) If a variable loan has a rate of LIBOR + 1% and LIBOR changes from 5% to 5.25%, the variable rate loan will change from _% to _% when it resets

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