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Question 1 1 pts A swap bank makes the following quotes for 4-year swaps and AAA-rated: Euro Bid USD Bid Ask 4% 4.5% Ask 8.4%

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Question 1 1 pts A swap bank makes the following quotes for 4-year swaps and AAA-rated: Euro Bid USD Bid Ask 4% 4.5% Ask 8.4% 8% None of the alternatives The bank stands ready to pay 4% against paying LIBOR The bank stands ready to pay $8% against paying LIBOR The bank stands ready to pay 4.5% against receiving LIBOR The bank stands ready to pay $8% against receiving LIBOR

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