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Swap Bank Quotes 5

Question 3

Multiple Choice

Swap bank quotes 5.40-5.70 for the euro.This means the swap bank will:

A) receive 5.40 percent semi-annual fixed payments against paying six-month LIBOR.
B) receive 5.70 percent semi-annual fixed payments against paying six-month LIBOR.
C) pay 5.70 percent semi-annual fixed payments against receiving six-month LIBOR.
D) None of these.

Correct Answer: