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Companies AAA and BBB have been offered the following rates per year on a $20 million five-year loan. Company AAA requires a floating-rate Ioan. Company
Companies AAA and BBB have been offered the following rates per year on a $20 million five-year loan. Company AAA requires a floating-rate Ioan. Company BBB requires a fixed-rate loan. Design and describe a swap that will net a bank, acting as intermediary, 0.1% per year and that will appear equally attractive to both companies
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