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12. A swap was entered into 1/1/17. The first payment under the swap is in three years and the final payment is in four years.
12. A swap was entered into 1/1/17. The first payment under the swap is in three years and the final payment is in four years. The swap rate is 4.4055% and the notional principal is 100,000. On 1/1/18 the spot rates are: Term Spot Rate A WNH 2.5% 3.2% 3.7% 4.1% What is the market value of the swap for the fixed payer
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
