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Total company of France, borrows $750,000 Eurodollar loan at L+ 2.75 on a 6-month rollover basis from Credit Lyonnais Paris. If 6-month LIBOR is 5
Total company of France, borrows $750,000 Eurodollar loan at L+ 2.75 on a 6-month rollover basis from Credit Lyonnais Paris. If 6-month LIBOR is 5 % over the first 6 months and 5 1/8 % over the second 6 months, how much will Total pay in interest over the first year of the loan?
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