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If a firm has borrowed $ 5 m at a floating rate of LIBOR + 7 5 basis points, and then enters into a swap
If a firm has borrowed $ at a floating rate of LIBOR basis points, and then enters into a swap to receive
LIBOR and pay fixed on $ notional, what is the firm's effective interest rate on its borrowing?
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
