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A company can invest funds for five years at 6% per annum with semi-annual compounding. The five-year swap rate is 6.3% per annum. The floating

  1. A company can invest funds for five years at 6% per annum with semi-annual compounding. The five-year swap rate is 6.3% per annum. The floating rate of interest the company can earn is L - 0.3% per annum where L is the benchmark floating rate

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