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XYZ Corporation enters into a 6-year interest rate swap with a swap bank in which it agrees to pay the swap bank a fixed-rate of 9 percent annually on a notional amount of SF10,000,000 and receive LIBOR - ½ percent.As of the third reset date (i.e.mid-way through the 6 year agreement) ,calculate the price of the swap,assuming that the fixed-rate at which XYZ can borrow has increased to 10%.(Round your final answer to nearest SF and Do not round intermediate calculations)
Appeal to Pity
A logical fallacy that attempts to win an argument by exploiting the opponent's feelings of pity or guilt rather than by logic or reason.
Disagreement
A situation where two or more parties hold differing views, opinions, or positions on a particular issue or topic.
Debate
A formal discussion on a particular topic in a public meeting or legislative assembly, in which opposing arguments are put forward.
Fallacy of Relevance
The premise is logically irrelevant, or unrelated, to the conclusion.
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