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Lp would prefer to have floating rate debt the market is

Little Prince Co. (LP) has $100 million of 2-year fixed rate debt with a BEY of 8.25 percent compounded semiannually. LP would prefer to have floating rate debt. The market is asking LIBOR + 100 bps. How could an investment banker help LP achieve its objective with a swap?

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Financial Accounting: Lp would prefer to have floating rate debt the market is

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Financial Accounting: Lp would prefer to have floating rate debt the market is

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