FIN 650- Zhao Automotive issued fixed-rate debt at a rate

FIN 650- Zhao Automotive issued fixed-rate debt at a rate

Question # 00472501 Posted By: katetutor Updated on: 01/29/2017 11:01 PM Due on: 01/30/2017
Subject Finance Topic Finance Tutorials:
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Zhao Automotive issued fixed-rate debt at a rate of 7.00%. Zhao agrees to an interest rate swap in which it pays LIBOR to Lee Financial and Lee pays 6.8% to Zhao. What is Zhao's resulting net payment?


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    Tutorial # 00468612 Posted By: katetutor Posted on: 01/29/2017 11:01 PM
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