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QUESTION
Citibank and ABM Company enters into a 5 year interest rate swap a notional principal of $100 million and the following terms:
Citibank and ABM Company enters into a 5 year interest rate swap a notional principal of $100 million and the following terms:every year for the next five years, ABM agrees to pay Citibank 6% and receive from Citibank Libor. Using the following informatioin about LIBOR at the end of each of the next five years, determine the cash flows in the swap. LIBOR %55.56.266.4
Citibank and ABM Company enters into a 5 year interest rate swap a notionalprincipal of $100 million and the following terms: every year for the next five years,ABM agrees to pay Citibank 6% and...