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(3) Fill out the missing values in the following table to find the net cost of a plain vanilla swap X Y Issue 3% LIBOR

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(3) Fill out the missing values in the following table to find the net cost of a plain vanilla swap X Y Issue 3% LIBOR +2.25% 2% LIBOR + 1% Pay to the other 2% LIBOR + 1% Receive 3%+2%-2%=3% Net Cost 3.25%+2%-2%=3.25%

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