On 612013 you entered into a semiannual interest rate swap, Finance Basics

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On 612013 you entered into a semiannual interest rate swap

On 6/1/2013, you entered into a semiannual interest rate swap contract, where you pay a fixed rate of 6.2% per annum and receive 6-m LIBOR on a principal amount of $1,000,000. Suppose the 6-m LIBOR rates were 5.7% on 6/1/2013 and 6% on 12/1/2013. What is the net cash flow of the swap contract on 12/1/2013?
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Finance Basics: On 612013 you entered into a semiannual interest rate swap

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Finance Basics: On 612013 you entered into a semiannual interest rate swap

Reference No:- TGS0581519

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: On 612013 you entered into a semiannual interest rate swap

Reference No:- TGS0581519

Recent Questions Asked Finance Basics

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