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ABC Bank negotiates a plain vanilla swap in which it makes floating-rate payments, with the floating rate set at LIBOR + 0.3%, and receives fixed
ABC Bank negotiates a plain vanilla swap in which it makes floating-rate payments, with the floating rate set at LIBOR + 0.3%, and receives fixed payments of 2.04%. The notional principal is $95min. LIBOR at the end of Year 1 is 1.29%. What is the net payment ABC Bank will receive (+) or make (-) in Year 1, in $ million, to the nearest $0.001 mln
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