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Cash Flows Bond outstanding Original Swap Pmts. Net Maturity (yrs.) Year 1 Fixed rate Year 2 Spread over LIBOR Year 3 LIBOR: Year 4 Years
Cash Flows | |||||
Bond outstanding | Original | Swap Pmts. | Net | ||
Maturity (yrs.) | Year 1 | ||||
Fixed rate | Year 2 | ||||
Spread over LIBOR | Year 3 | ||||
LIBOR: | Year 4 | ||||
Years 1-2 | Year 5 | ||||
Years 3-4 | Year 6 | ||||
Years 5-6 | Year 7 | ||||
Years 7-10 | Year 8 | ||||
Year 9 | |||||
Year 10 | |||||
Present value of net |
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