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A company buys a credit default swap (CDS) that offers protection on 240000 of corporate bonds, by paying 34 basis points of the principal to

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A company buys a credit default swap (CDS) that offers protection on 240000 of corporate bonds, by paying 34 basis points of the principal to the seller every three months. Default occurs after three years and five months, after which the bonds are worth 24% of their face value. Ignoring interest rates, the net amount paid by the seller to the buyer over the lifetime of the CDS is (The answer is a 6-digit whole number. Don't use commas)

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