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Question 40 2 pts What is the net term funding rate conversion of the following hedged item after a Pay Fix/Receive Float Swap is purchased:

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Question 40 2 pts What is the net term funding rate conversion of the following hedged item after a Pay Fix/Receive Float Swap is purchased: Hedged Item: Floating Rate Deposit =WSJ Prime - 3.25% Spread o Receive Fix: Five Year Fixed Swap Rate = 5.79% o Receive Float: WSJ Prime (5.25%) 0.62% 1.50% 2.54% 3.53% 4.53%

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