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Business, 04.05.2021 04:20 yen80

Luke enters into a three-year interest rate swap to receive a fixed rate and pay a variable rate based on future 1-year LIBOR rates. The settlement occurs at the end of every year. The notional amount is 1,000 for year 1, 800 for year 2, and 600 for year 3. tt stst 1 4% 2 5% 3 6% 4 7% 5 8% Determine the net swap payment made at the end of the first year.

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