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Companies A and B have been offered the following rates per annum on a $20 million five-year loan: Company A requires a floating-rate loan; Company

image text in transcribed Companies A and B have been offered the following rates per annum on a $20 million five-year loan: Company A requires a floating-rate loan; Company B requires a fixed-rate loan. Design a swap that will net a bank acting as intermediary 0.1 percent per annum and be equally attractive to both companies

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