Party a pays a fixed rate 8 per annum on a semiannual basis


Party A pays a fixed rate 8% per annum on a semiannual basis (180/360), and receives from Party B

LIBOR+50 basis points. The current six-month LIBOR rate is 7% per annum. The notional principal is $20M. What is the net swap payment of Party A?

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Basic Statistics: Party a pays a fixed rate 8 per annum on a semiannual basis
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