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Two years ago, ABC Company entered an interest rate swap for 25 million with a maturity of 7 years where it makes a fixed payment

Two years ago, ABC Company entered an interest rate swap for 25 million with a maturity of 7 years where it makes a fixed payment of 4.5 per cent per year against LIBOR. Now the company wants to terminate the swap. The five-year swap rate is 4.0 per cent. Will My Company pay or receive to terminate the swap and how much is involved ?

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