Question
Consider a swap with a notional principal of $120 million. Party A pays a fixed rate of 11%, while Party B pays a floating rate
Consider a swap with a notional principal of $120 million. Party A pays a fixed rate of 11%, while Party B pays a floating rate of LIBOR. The term structure is as follows:
Compute the net payment at the end of 360 days. Which party will make the payment?
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
