TOON 5. Meril Drongou can borrow $2,350,000 at LIBOR plus lending margin of 0.40 percent per annum on a three month robover basis from Citibank. Suppose that the three month LIBOR is currently 4 12/32 - Further suppose over the second three month interval LIBOR falls 4 / How much will Meril Drongou pay in interest to Citibank over the six month period for the Eurodollar loan? (20 points) 41 AM