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The treasurer of Grecian Tile Manufacturing has enough liquidity to cover $80,000in debt payment sover the next year. The firm has borrowed$1.5 million at LIBOR

The treasurer of Grecian Tile Manufacturing has enough liquidity to cover $80,000in debt payment sover the next year. The firm has borrowed$1.5 million at LIBOR plus a lending margin of 1.25% on a six-month rollover basis. Six-month LIBOR for the first six months is already known at 4.12%. What is the highest possible value of LIBOR in the next six months that guarantees that the treasurer doesnt run out of funds? A)1.40% B)4.05% C)4.12%D )1.14%

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