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    NEW QUESTION: 1
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    An investor enters into a 4 year interest rate swap with a bank, agreeing to pay a fixed rate of 4% on a notional of $100m in return for receiving LIBOR. What is the value of the swap to the investor two years hence, immediately after the net interest payments are exchanged? Assume the current zero coupon bond yields for 1,
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    The fixed rate bond equivalent in the swap is valued at =4/1.05 + 104/(1.06

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