LIBOR

This is from Schweser: A funded investor with a borrowing rate of 2-month (60-day) LIBOR + 40 basis points would have a borrowing cost (annualized) of 2.60 percent when 2-month LIBOR is quoted at 2.2 percent. Can somebody break the calculation down pleaase? THanks

2-month LIBOR + 40 basis points = 2.2 + 0.4 = 2.6 Is that what you were asking??

I was thinking whether there was calculation involved in that ‘annualized’ word mentioned. Need to sleep

I was thinking whether there was calculation involved in that ‘annualized’ word mentioned. Need some sleep! uugh!

Here is some motivation (and some memories), With Jordan’s return to the NBA, the Bulls once again became the league’s dominant team. With a revamped roster that included Dennis Rodman and Luc Longley, the Bulls managed to post the best regular season record in NBA history (72-10) in 1996 en route to winning their fourth title against the Seattle SuperSonics. In the following season, Chicago finished a league-best 69-13 and again won the title, this time defeating the Utah Jazz. Amid speculation that the 1997-98 season would be the last in Chicago for Pippen, Jordan, and Jackson, the Bulls followed up by topping the Jazz again in the Finals in to cap their second three-peat.

^ good times.

Dec 6 scoreboard: 240 - 0

http://www.youtube.com/watch?v=PRCTp57LQro