Question
Your firm has recently issued some fixed rate debt but would prefer to the debt using an interest rate swap to a floating rate of
Your firm has recently issued some fixed rate debt but would prefer to the debt using an interest rate swap to a floating rate of debt because your firm believes rates will be trending downward over the next several years.Listed below are the details for the existing debt and the desired floating debt:
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After executing the interest rate swap determine the rate your firm expects to pay on its debt over the next 3 years.
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