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Two years ago, you entered into a interest rate swap and the price (fixed-rate) was 3.8 (You are the receiver of the fixed rate). The

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Two years ago, you entered into a interest rate swap and the price (fixed-rate) was 3.8 (You are the receiver of the fixed rate). The notional amount is $100,000. Today, interest rates have changed, and you quickly calculate the updated price of your swap contract. The new fixed-rate is 8.6. Can you calculate the value of your interest rate swap? Please state your answer in monetary value (i.e. 10,200) and please round to the nearest three decimals if needed. Do not type the $ symbol. TTM 1yr 2yr PVF 0.98 0.95 0.92 Ayr 0.89 Two years ago, you entered into a interest rate swap and the price (fixed-rate) was 3.8 (You are the receiver of the fixed rate). The notional amount is $100,000. Today, interest rates have changed, and you quickly calculate the updated price of your swap contract. The new fixed-rate is 8.6. Can you calculate the value of your interest rate swap? Please state your answer in monetary value (i.e. 10,200) and please round to the nearest three decimals if needed. Do not type the $ symbol. TTM 1yr 2yr PVF 0.98 0.95 0.92 Ayr 0.89

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