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Your company has sold a 8Y plain-vanilla swap on 1Y LIBOR precisely one year ago for a swap rate of 0.76%; as a consequence, you

Your company has sold a 8Y plain-vanilla swap on 1Y LIBOR precisely one year ago for a swap rate of 0.76%; as a consequence, you receive fixed and pay floating.

What value should your accounting system attribute to the swap today (notional principal: $140m)?

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