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Suppose the quote for a five-year swap with semiannual payments is 8.50-8.60 percent. The means...

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Suppose the quote for a five-year swap with semiannual payments is 8.50-8.60 percent. The means A. the swap bank will pay semiannual fixed-rate dollar payments of 8.50 percent against receiving six-month dollar 7. LIBOR. B. the swap bank will receive semiannual fixed-rate dollar payments of 8.60 percent against paying six-month dollar LIBOR C. both a and b D. none of the above

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