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floating-rate-bond

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    Hull, Chapter 7 , Swaps

    Hi, I have question for Hull, Chapter 7, Swaps. I am quite confused about calculating the value of the floating rate bond. Referring to this example: Consider a $1 million notional swap that pays a floating rate based on 6-month LIBOR and receives a 6% fixed rate semiannually. The swap has a...
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