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2. Interest rate swaps (12 marks) A savings bank has $200 million of mortgages with a fixed rate of 9%. They are financed by $200

2. Interest rate swaps (12 marks) A savings bank has $200 million of mortgages with a fixed rate of 9%. They are financed by $200 million of CDs with a variable rate of the BBSW rate plus 3%. A region...

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