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Suppose the quote for a five-year swap with semiannual payments is 4.1154.215 percent in dollar against dollar LIBOR flat. It means ________________________. Group of answer

Suppose the quote for a five-year swap with semiannual payments is 4.1154.215 percent in dollar against dollar LIBOR flat. It means ________________________. Group of answer choices

the swap bank will pay semiannual fixed-rate dollar payments of 4.115 percent against receiving six-month dollar LIBOR.

if the swap bank is successful in getting counterparties to both legs of the swap at these prices, the bank will have an annual profit of one percent.

the swap bank stands ready to pay 4.215 percent against receiving dollar LIBOR on five-year loans the swap bank will receive semiannual fixed-rate dollar payments of 4.115 percent against paying six-month dollar LIBOR

the swap bank will receive semiannual fixed-rate dollar payments of 4.115 percent against paying six-month dollar LIBOR

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