Use the definition of the forward LIBOR, (19.31) on page 447, to show that the present value
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Use the definition of the forward LIBOR, (19.31) on page 447, to show that the present value of the floating leg of a plain vanilla interest rate swap is indeed
(19.31)
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The forward LIBOR rate LtT is defined as the rate at time t that is locked in for a ...View the full answer
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