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Assume that the swap rate for an interest - rate swap is 7 % and that the fixed - rate payments are made quarterly on
Assume that the swap rate for an interestrate swap is and that the fixedrate payments are made quarterly on an actual basis. If the notional amount of a twoyear swap is $ million, how much will the fixedrate payer have paid in total across the eight quarterly payments, assuming the following number of days in each quarter?
tableQuarterDays
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