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A corporation agrees to pay on a $25 million one year swap. The settlement terms are advanced set, settle in arrears. The day count for
A corporation agrees to pay on a $25 million one year swap. The settlement terms are "advanced set, settle in arrears." The day count for both sides of the swap are actual/360. The fixed rate on the swap is 2.25% and the swap is initiated December, 2021. Assume the following day count and LIBOR fixing are observed: 2022) List all 4 payments made or received by the corporation as a result of the swap. March: June: September: December
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