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In September 2020, swap dealers were quoting a rate forfive-year euro interest-rate swaps of 5.1% against Euribor (theshort-term interest rate for euro loans). Euribor at

In September 2020, swap dealers were quoting a rate forfive-year euro interest-rate swaps of 5.1% against Euribor (theshort-term interest rate for euro loans). Euribor at the time was4.7%. Suppose 2 answers

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