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Consider a plain vanilla interest-rate swap with an effective date of January 1 of year 1, notional amount of $100 million and quarterly payments. What
Consider a plain vanilla interest-rate swap with an effective date of January 1 of year 1, notional amount of $100 million and quarterly payments. What is the fixed-rate payment in the third quarter if the swap rate is 3.2%?
Question 1 options:
$797,808
$806,575
$808,889
$817,778
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