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Wells Fargo borrowed $80,000,000 at 5% interest for 180 days from a Japanese investment house. At the same time, the bank made the following three
Wells Fargo borrowed $80,000,000 at 5% interest for 180 days from a Japanese investment house. At the same time, the bank made the following three loans, each for the exact 180-day period.
1. A 7% simple interest note for $38,000,000 to a Canadian firm that extracts oil from Canadian tar sands
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