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elf_fu elf_fu
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7 years ago
An investor enters into a 2-year swap agreement to purchase crude oil at $105.65 per barrel. Soon after the swap is created forward prices rise and the new swap price on a similar swap is $108.32. If interest rates are 3.0% per year, what is the gain to be made from unwrapping the original swap agreement?
A) $2.67
B) $5.11
C) $5.34
D) $5.67
Textbook 
Derivatives Markets

Derivatives Markets


Edition: 3rd
Author:
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phuongha2892phuongha2892
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7 years ago
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elf_fu Author
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7 years ago
Heavy Heart Correct
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4 years ago
Thanks!
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