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30. A company can invest funds for five years at LIBOR plus 30 basis points. The five-year swap rate is 3%. At what effective fixed

30.

A company can invest funds for five years at LIBOR plus 30 basis points. The five-year swap rate is 3%. At what effective fixed rate of interest can the company invest by using the swap ? O a. 2.7% b. 3.0% O c. 3.3%

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