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A swap dealer is quoting the following prices for USD 10-year interest rate swaps: Bid: 4.55% Offer: 4.57% Mid 4.56% A client wants to pay

  1. A swap dealer is quoting the following prices for USD 10-year interest rate swaps:

    Bid: 4.55% Offer: 4.57% Mid 4.56%

    A client wants to pay the fixed rate in the swap. The client is likely to receive a quote from the dealer of

    4.57%

    4.56%

    4.55%

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