微信扫一扫
实时资讯全掌握
|
Consider a 1-year semiannual equity swap based on an index at 985 and a fixed rate of 4.4%. 90 days after the initiation of the swap, the index is at 982 and London Interbank Offered Rate (LIBOR) is 4.6% for 90 days and 4.8% for 270 days. The value of the swap to the equity payer, based on a $2 million notional value is closest to: A. $22,564. B. $22,314. C. −$22,564. |