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A 5-year USD interest rate swap is quoted at 2.45% to 2.46%. A client that wants to receive fixed rate is likely to Deal at

A 5-year USD interest rate swap is quoted at 2.45% to 2.46%. A client that wants to receive fixed rate is likely to

  1. Deal at 2.45% and hope interest rates increase
  2. Deal at 2.45% and hope interest rates decline
  3. Deal at 2.46% and hope interest rates increase
  4. Deal at 2.46% and hope interest rates decline

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