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Kroger wants to borrow$ 5 0 million at a fixed rate. Kroger's bank quotes a fixed rate of 7 . 1 % or a floating
Kroger wants to borrow$million at a fixed rate. Kroger's bank quotes a fixed rate ofor a floating rate of Libor A swap bank quotes an interest rate swap as against Libor. If Kroger enters into a swap agreement, how much will Kroger send the Swap Bank if Libor Note: your answer should be in dollars. If on net Kroger receives money from the Swap Bank enter a negative number.
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