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2. Using the same setting of the previous question, design and explain a swap agreement that will net the Bank of America, acting as a

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2. Using the same setting of the previous question, design and explain a swap agreement that will net the Bank of America, acting as a financial intermediary, 0.04% per annum and will appear equally attractive to both companies. You must show how to get the fixed rate (R%) in exchange of LIBOR under the swap and the net effect to each party in your explanation. ?% ???% ????% ?????% Nexxon Bank Woogle LIBOR LIBOR [Explanation] 2. Using the same setting of the previous question, design and explain a swap agreement that will net the Bank of America, acting as a financial intermediary, 0.04% per annum and will appear equally attractive to both companies. You must show how to get the fixed rate (R%) in exchange of LIBOR under the swap and the net effect to each party in your explanation. ?% ???% ????% ?????% Nexxon Bank Woogle LIBOR LIBOR [Explanation]

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