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Aswap agreement cals for Durbin Industries to pay interest annualy, based on a rate of 2005 over the one year T-bill rate, currently 500%. In
Aswap agreement cals for Durbin Industries to pay interest annualy, based on a rate of 2005 over the one year T-bill rate, currently 500%. In return, Durbin receives intorest at a rate of 500s on a fixed rate basis. The notional principal for the swap is $70.000 What is Durbin's net interest payment for the year after the agreement? OA $3,500 OD $6.900 OC 52.450 OD 51.400
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
