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Assume the following swap terms: Gomes Bank Pay 8% Receive LIBOR +0.5% Assume the notional principal is $10 million. Assume payments are annual. Bagley Bank
Assume the following swap terms: Gomes Bank Pay 8% Receive LIBOR +0.5% Assume the notional principal is $10 million. Assume payments are annual. Bagley Bank LIBOR +0.5% 8% Question 13 (4 points) What would be the net swap payment if LIBOR turned out to be 6.75%? Enter in dollars without a dollar sign and without commas Your Answer: Answer Question 14 (2 points) Which bank pays
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