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Exercise 1 Companies A and B have been offered the following rates per annum on a $ 2 0 million 5 - year loan:Company A
Exercise Companies A and B have been offered the following rates per annum on a $ million year loan:Company A requires a floatingrate loan; company B requires a fixedrate loan. Design a swap that will net a bank, acting as intermediary, per annum and that will appear equally attractive to both companies.
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