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You are going borrow CNY 2 million for two years. Given the following yield curve, should you borrow fixed for two years or floating (i.e.,

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You are going borrow CNY 2 million for two years. Given the following yield curve, should you borrow fixed for two years or floating (i.e., borrow for one year and then refinance one year later)? + t (Year) 12 interest rates per year 2% 3% 24

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