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You bought a home with an adjustable-rate mortgage. The margin on the loan is 4.3% and the rate cap is 5.75% over the life of

You bought a home with an adjustable-rate mortgage. The margin on the loan is 4.3% and the rate cap is 5.75% over the life of the loan. If the current index rate is 7.25%, what is the calculated interest rate of the ARM?

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