Estimate the interest rate paid by P&G on the 5/30 swap in Section 25.8 if (a) the

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Estimate the interest rate paid by P&G on the 5/30 swap in Section 25.8 if

(a) the CP rate is 6.5%

and the Treasury yield curve is flat at 6% and

(b) the CP rate is 7.5% and the Treasury yield curve is flat at 7% with semiannual compounding.

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