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Question 3 2 pts Swap quotes represent bid/ask in terms of basis points over treasury note. True O False Question 4 2 pts The fixed

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Question 3 2 pts Swap quotes represent bid/ask in terms of basis points over treasury note. True O False Question 4 2 pts The fixed payer in an interest rate swap will receive positive cashflow from the swap when LIBOR is below the fixed rate on the swap. True False

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