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CIMA Exam CIMAPRA19-F03-1 Topic 1 Question 13 Discussion
Actual exam question for
CIMA's
CIMAPRA19-F03-1 exam
Question #: 13
Topic #: 1
[All CIMAPRA19-F03-1 Questions]
Topic #: 1
A company has some 7% coupon bonds in issue and wishes tochangeitsinterest rate profile.
It has decided to do this by entering into a plain coupon interest rate swap with it's bank.
The bank has quoted a swap rate of: 6.0% - 6.5% fixed against LIBOR.
What will the company'snew interest rate profilebe?
Suggested Answer:
C
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