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The answer is NOT 235000. please help ASAP! Intro Company X and company Y both want to borrow 2,000,000 for 5 years. X wants to
The answer is NOT 235000. please help ASAP!
Intro Company X and company Y both want to borrow 2,000,000 for 5 years. X wants to borrow floating and Y wants to borrow fixed. X and Y agree to split the QSD. The annual interest payment from company Y to company X in this 5-year basic swap is Fixed-Rate Borrowing Cost 10% 12% Floating-Rate Borrowing Cost LIBOR LIBOR + 1.5% Company X Company Y Part 1 Attempt 2/4 for 7.5 pts. 0+ decimals SubmitStep by Step Solution
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