solve in 25 mins I will give thumb up 8. Consider a 1-year semi-annually...

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solve in 25 mins I will give thumb up

8. Consider a 1-year semi-annually paid interest rate swap, the notional is 1,000,000, the swap rate is 3.0%, the flouting rate is 6M LIBOR +1%. On the market, the 6M LIBOR spot and its 6-month maturity forward are 3.0% and 1.0%, respectively. Sketch the cash-flow diagram of the fixed-leg

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