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Under an interest rate swap, Qantas have agreed to pay 6 - month LIBOR and receive a fixed rate of 4 % per annum, every
Under an interest rate swap, Qantas have agreed to pay month LIBOR and receive a fixed rate of per annum, every months for years, on a notional principal of $ million. If month LIBOR is at the initiation of the contract t then the total cash outflow for Qantas at t will be:
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