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A dealer quotes for a generic swap at 7 % against 3 moths Libor flat. If the notional amount is $ 1 m , Calculate:

A dealer quotes for a generic swap at 7% against 3 moths Libor flat. If the
notional amount is $1m, Calculate:
A. Fixed payment for the first 3 months (quarter).
B. Floating payment for the same quarter if Libor is 6%.
C. Payment amount if the settlement is on net basis.

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