question archive An ARM has the following characteristics at the outset: index value = 5%, margin = 2

An ARM has the following characteristics at the outset: index value = 5%, margin = 2

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An ARM has the following characteristics at the outset: index value = 5%, margin = 2.75, teaser rate = 5.50%. The contract interest rate for the first year is:

A. cannot be determined

B. 7.75%

C. 5.50%

D. 5%

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