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Calculate the fixed swap rate for a plain vanilla interest rate swap with payments every 60 days for 300days if the underlying spot rates are
Calculate the fixed swap rate for a plain vanilla interest rate swap with payments every 60 days for 300days if the underlying spot rates are the following:
60-day:8%
120-day:8.5%
180-day:8.5%
240-day:7.7%
300-day:7.84%
Provide your answer in percent,rounded to two decimals,omitting the %sign.
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