Question: You Answered Correct Answer The table below has rates for selected maturities provided for a particular borrower based on their riskiness. That borrower just

You Answered Correct Answer The table below has rates for selected maturities 

You Answered Correct Answer The table below has rates for selected maturities provided for a particular borrower based on their riskiness. That borrower just received a loan that will mature in 5 years They want to know if they refinance after four years for the remainder of the term, what rate will they expect to pay.on the refinanced loan? 4 Rate (%) 1.52 1.95 2.79 3.31 3.7 4.29 4.75 Term (Years) 1 2 5.27 margin of 3 4 5 6 7 Do not round any intermediate calculations. Type your answer in as whole number in decimal form with two decimal points. For example, if your answer is 14.5812%, or 0.145812, you would simply type 14.58 as your answer. rror +/-0.05

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