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Consider a five-year LIBOR-based interest rate swap with annual resets (30/360-day count). What is the fixed rate? Years Estimated Present Value 1 0.992346 2 0.975634

Consider a five-year LIBOR-based interest rate swap with annual resets (30/360-day count). What is the fixed rate?

Years	Estimated Present Value
1	0.992346
2	0.975634
3	0.964345
4	0.967543
5	0.938765

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