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Maturity: 12345 YTM: 4.5%;4.0%;3.75%;3.5%;3.375% Q1e. You manage 100 million dollar floating rate loan that is indexed to one year spot rate plus 2.5% spread (margin).

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Maturity: 12345 YTM: 4.5%;4.0%;3.75%;3.5%;3.375% Q1e. You manage 100 million dollar floating rate loan that is indexed to one year spot rate plus 2.5% spread (margin). You want to convert it to a 5-year fixed rate loan using a swap contract with notional value of 100 million. What is the breakeven five year fixed rate? (5 points)

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