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2. The term and price of zero-coupon bonds are given in the following table: Time to maturity Price 1 .98 2 .91 3 3 .87

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2. The term and price of zero-coupon bonds are given in the following table: Time to maturity Price 1 .98 2 .91 3 3 .87 4 .83 Alan enters into a four-year swap. He wants to swap the floating interest rates for a fixed interest rate. The level notional amount of the swap is 1500 each year. Determine the swap rate

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