Estimate the interest rate paid by P&G on the 5/30 swap in Business Snapshot 2.2 if (a)

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Estimate the interest rate paid by P&G on the 5/30 swap in Business Snapshot 2.2 if

(a) the CP rate is 6.5% and the Treasury yield curve is flat at 6% and

(b) the CP rate is 7.5% and the Treasury yield curve is flat at 7% with semiannual compounding.

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