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Please show work Suppose the 1-year effective annual interest rate is 6.4%, the 2-year interest rate is 7.1%, and the 3-year interest rate is 7.9%.

Please show work

Suppose the 1-year effective annual interest rate is 6.4%, the 2-year interest rate is 7.1%, and the 3-year interest rate is 7.9%. Compute the fixed rate in a 3-year interest rate swap.

Answers:

a. 18.07%

b. 7.09%

Correctc. 7.82%

d. 8.54%

e. 7.60%

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