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mattfury17 mattfury17
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A month ago
Johnson Ltd. enters into a 3-year, $2.0 million plain vanilla interest rate swap and agrees to pay a fixed rate of 4.0% and receive LIBOR. Payments are completed every six-month based on the LIBOR at the beginning of each six month period. LIBOR had the following values for each six-month period:
Period 1 = 4.50%
Period 2 = 5.0%
Period 3 = 4.25%
Period 4 = 4.0%
Period 5 = 4.25%
Period 6 = 4.55%

Based on this information what is the amount of the third payment?

▸ $10,000

▸ zero

▸ $5,000

▸ $2,500
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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OmfgtimmyOmfgtimmy
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A month ago
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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this is exactly what I needed
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Just got PERFECT on my quiz
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