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you provided me with an explanation for question 1...but the question is asking for an interest rate. can you clarify. see the question below. not sure if it was answered correctly.



q1. suppose your company needs to borrow $10 million for 3 months starting on september 2016. if
your company wants to lock in the borrowing interest rate, what should you do now? be specific. what
is the interest rate can you lock in now?
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