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Please Explain work IN EXCEL 2) You entered in to a swap a while back where you pay 6.10% per annum on $30,000,000 and you

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Please Explain work IN EXCEL

2) You entered in to a swap a while back where you pay 6.10% per annum on $30,000,000 and you receive the 1- year LIBOR rate. At the last settlement date the 1-year LIBOR rate was 5.75% per annum. The swap expires in 4.5 years and the following LIBOR rates are below provided per annum with continuous compounding. Years LIBOR 0.5 5.80% 1.5 6.00% 2.5 6.00% 3.5 6.00% 4.5 6.20%

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