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A company has agreed that it will receive 2.0% on $80 million for 6 months starting in 2 years. Suppose the rate proves to be

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A company has agreed that it will receive 2.0% on $80 million for 6 months starting in 2 years. Suppose the rate proves to be 1.8% (with semi-annual compounding. (1) Calculate the payoff at the 2.5-year point. (2) Calculate the equivalent payoff at the 2-year point

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