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Compute how much interest a company would pay

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Question - Compute how much interest a company would pay in 2023 on a 10-year, $100,034 dollar loan (which it takes out today) that has an interest rate contractually set to equal 2.75% above the 1-year Treasury bond yield on June 15 each year if that specified T-bond rate turns out to be 14.42% on June 15, 2023.

Reference no: EM133124691

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