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1. A corporation agrees to pay on a $25 million one year swap. The settlement terms are advanced set, settle in arrears. The day count

1. A corporation agrees to pay on a $25 million one year swap. The settlement terms are advanced set, settle in arrears." The day count for both sides of the swap are actual/360. The fixed rate on the swap is 2.25% and the swap is initiated December, 2021. Assume the following day count and LIBOR fixing are observed: LIBOR DayCount a. December 2021 2.00% b. March 2022 2.15% 90days (Dec 2021 to March 2022) c. June 2022 2.45% 92days (March 2022 to June 2022) d. September 2022 2.90% 91days (June 2022 to September 2022) e. December 2022 92days (September 2022 to December 2022) List all 4 payments made or received by the corporation as a result of the swap. March: June: September: December

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