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Companies X and Y have been offered the following rates per annum on a $1 million 5 -year investment: Company X requires a fixed-rate investment;
Companies X and Y have been offered the following rates per annum on a $1 million 5 -year investment: Company X requires a fixed-rate investment; company Y requires a floating-rate investment. Design a swap that will net a bank, acting as intermediary, 0.3% per annum and will appear equally attractive to X and Y. Companies X and Y have been offered the following rates per annum on a $1 million 5 -year investment: Company X requires a fixed-rate investment; company Y requires a floating-rate investment. Design a swap that will net a bank, acting as intermediary, 0.3% per annum and will appear equally attractive to X and Y
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