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Suppose 5 years ago your firm entered into a 10 year swap that required it to pay LIBOR and get 2%. Currently, the 5 year

Suppose 5 years ago your firm entered into a 10 year swap that required it to pay LIBOR and get 2%. Currently, the 5 year swap rate is 4%. (You can pay LIBOR and get 4% for 5 years) The Face value of the swap was $10 M. What is the value of the swap to you

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