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Oracle 1Z1-888 Preparation - Relevant 1Z1-888 Answers, 1Z1-888 Dump Collection - Toofantravel

Exam Name: MySQL 5.7 Database Administrator

207 Total Questions

  • Exam Code: 1Z1-888
  • Certification Provider: Oracle
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SDF has a variable rate loan of $100 million on which it is paying interest of LIBOR + 2%.
SDF entered into a swap with CV bank to convert this to a fixed rate 7% loan. CV bank charges an annual commission of 0.3% for making this arrangement.
Calculate the net payment from SDF to CV bank at the end of the first year if LIBOR was 3% throughout the year.
Give your answer in $ million, to one decimal place.
$2.3 million

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Consider the following excerpt from source material for a building permit:
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