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Posted on Jul 26, 2024

A credit default swap has a notional amount of USD 5 0 , 0 0 0 , 0 0 0 . The coming quarter has

A credit default swap has a notional amount of USD

50, 000, 000 .

The coming quarter has

91

days and the quarterly premium payment is USD

700, 000 .

What is the annual premium rate?

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