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Find the all-in-cost of a swap to a party that has agreed to borrow $12 million at 6.5% externally and pays LIBOR + 50 on

Find the all-in-cost of a swap to a party that has agreed to borrow $12 million at 6.5% externally and pays LIBOR + 50 on a notional principal of $12 million in exchange for fixed rate payments of 7.5%.

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