Question: Please answer this accurately and pace yourself, I will thumbs up or down depending on results Teltrex International can borrow $3,000,000 at LIBOR plus a

Please answer this accurately and pace yourself, I will thumbs up or down depending on results

Teltrex International can borrow $3,000,000 at LIBOR plus a lending margin of 0.75 percent per annum on a three-month rollover basis from Barclays in London. Suppose that three-month LIBOR is currently 5 17/32 percent. Further suppose that over the second three-month interval LIBOR falls to 5 18 percent. How much will Teltrex pay in interest to Barclays over the six-month period for the Eurodollar loan? Multiple Choice $364,687.52 $91,171.88 $79,921.875 $96,174.39

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