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please solve fast i will thumb you up 7. A bank entered into a one year interest rate swap for a notional amount of $400

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7. A bank entered into a one year interest rate swap for a notional amount of $400 million, paying a fixed rate of 7.5% per year and receiving LIBOR annually. At the end of the first year, the annual LIBOR rates were 7% per year. Calculate the net payment to be made of received by the bank

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