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Question 5 0/4 pts TIF Inc. has 3 years remaining on their palladium swap. Through the swap, they pay a fixed price of $1582 per
Question 5 0/4 pts TIF Inc. has 3 years remaining on their palladium swap. Through the swap, they pay a fixed price of $1582 per ounce at the end of each year, and receive the floating spot price. Given the current term structure of interest rates and palladium forward prices shown below, what is the current per ounce value of TIF's palladium swap? Year Rcont comp per annum Fpalladium 1 0.026 1620.46 2 0.03 1620.05 3 0.032 1619.78 Enter solution in dollars and cents. If negative, precede it with a minus"-" sign. Do not enter the "$" symbol. Question 5 0/4 pts TIF Inc. has 3 years remaining on their palladium swap. Through the swap, they pay a fixed price of $1582 per ounce at the end of each year, and receive the floating spot price. Given the current term structure of interest rates and palladium forward prices shown below, what is the current per ounce value of TIF's palladium swap? Year Rcont comp per annum Fpalladium 1 0.026 1620.46 2 0.03 1620.05 3 0.032 1619.78 Enter solution in dollars and cents. If negative, precede it with a minus"-" sign. Do not enter the "$" symbol
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