题目
Consider the following plain vanilla swap. Party A pays a fixed rate 8.29% per annum on a semiannual basis (180/360), and receives from Party B LIBOR+30 basis point. The current six-month LIBOR rate is 7.35% per annum. The notional principal is $25M. What is the net swap payment of Party A?
选项
A.$20,000
B.$40,000
C.$80,000
D.$110,000
答案
C
解析
计算A的支付Party A =25,000,000×8.29%/2=$1,036,250 计算B的支付Party B =25,000,000×7.65%/2=$956,250 对于A来说净支付Net paymentswap=1,036,250－956,250=$80,000