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Calculation 2 (Calculation, 10 points) A two-year fixed-for-floating Libor swap is 2.25% and the two-year US Treasury bond is yielding 0.90%. What is the swap

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Calculation 2 (Calculation, 10 points) A two-year fixed-for-floating Libor swap is 2.25% and the two-year US Treasury bond is yielding 0.90%. What is the swap spread? (Remember that for any credit you must show all your work.)

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