Please help me answer using excel A $50 million interest...
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Please help me answer using excel
A $50 million interest rate swap has a remaining life of 10 months. Under the terms of the swap, 6-month LIBOR is exchanged for 6.2% per annum. The average of the bid-offer rate being exchanged for 6-month LIBOR in swaps of all maturities is currently 4.8% per annum. The 6-month LIBOR rate was 4.5% per annum 2 months ago What is the current value of the swap to the party paying floating? What is its value to the party paying fixed
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