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7 . 9 . Companies x and Y have been offered the following rates per annum on a $ 5 million 1 0 - year
Companies and have been offered the following rates per annum on a $ million
year investment:
Company requires a fixedrate investment; company requires a floatingrate invest
ment. Design a swap that will net a bank, acting as intermediary, per annum and
will appear equally attractive to and
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