In a plain vanilla swap, a firm will pay a floating rate (on the day of the deal it is 4.3%)  to a dealer, who will pay the firm a fixed rate of 5.5%. The notional amount is $100,000,000 and semiannual payments are based on 30-day and 360-day year for both dealer and the firm. What is the initial net payment to the firm?  

Answer rating: 100% (QA)

solution There will be no initial internet price ie initial internet price i... View the full answer