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Question 54 O pts Extra Credit: What is the net term funding rate conversion of the llowing hedged item after a Pay Fix/Receive Float Swap

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Question 54 O pts Extra Credit: What is the net term funding rate conversion of the llowing hedged item after a Pay Fix/Receive Float Swap is purchased: Hedged Item: Floating Rate Deposit = WSJ Prime - 3.25% Spread o Receive Fix: Seven (7) Year Fixed Swap Rate = 5.81% o Receive Float: WSJ Prime (5.75%) 2.17% 2.21% 2.37% 2.41% 2.56%

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