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Given an issued 2 year loan for 25 million notional at 6M LIBOR + 25bps, what type of swap can be used to hedge against

Given an issued 2 year loan for 25 million notional at 6M LIBOR + 25bps, what type of swap can be used to hedge against an expected decline in interest rates? Given a quote for a 2 year IRS to receive 5.25% and pay 6M LIBOR + 25bps, what would be the effective fixed rate received? What is the first net payment on the swap? Assume semi-annual payments at 180/360 daycount basis.

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