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Fox bank enters into a $ 5 , 0 0 0 , 0 0 0 quarterly - pay plain vanilla interest rate swap as the
Fox bank enters into a $ quarterlypay plain vanilla interest rate swap as the xedrate payer at a xed rate of based on a day year. The oatingrate payer agrees to pay day LIBOR plus a margin; day LIBOR is currently The day LIBOR rates are:
Table. day LIBOR
t rt
a What is the net amount Fox pays or receives days from now?
$
Round your answer to the nearest dollar.
b What is the net amount Fox pays or receives days from now?
$
Round your answer to the nearest dollar.
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