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

A company can invest funds for five years at LIBOR plus 30 basis points. The five-year swap rate is 3%. What fixed rate of interest can the company earn by using the swap?

Group of answer choices

2.4%

2.7%

3.0%

3.3%

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