Today is monday april 25 2016 you are a customer ready to


Today is Monday, April 25, 2016. You are a customer ready to trade swaps.You execute a new receive fixed/pay floating swap with a 5-year tenor and $10 million notional amount.

You trade this swap under standard terms at a fixed rate of 1.318828%. 3-month LIBOR was set the same morning in London at 0.63585%.

How many days of interest will you owe on your second floating rate payment?

A.   90

B.   91

C.   92

D.   93

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Financial Management: Today is monday april 25 2016 you are a customer ready to
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