Question
Morgan Ltd entered into a 4-year interest rate swap contract with a financial institution with a notational amount of USD 100 million. The contract states
Morgan Ltd entered into a 4-year interest rate swap contract with a financial institution with a notational amount of USD 100 million. The contract states that Morgan will receive a semi-annual USD fixed rate of 2.5% and in turn pay an MRR (market reference rate). For the first 6 months the MRR is 0.85%. Calculate the first swap settlement value from Morgan Ltd.s perspective.
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Have More Money Now A Commonsense Approach To Financial Management
Authors: John Layfield
1st Edition
0743466330,1416595775
