Little Prince (LP) has 100 million Brazilian reals (BRL) of 2- year fixed rate debt...
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Finance
Little Prince (LP) has 100 million Brazilian reals (BRL) of 2- year fixed rate debt with a bond equivalent yield of 8.25 percent compounded semiannually. LP prefers floating rate BRL debt, and the market is asking . A swap pricing schedule is shown below for a 2-year fixed-for-floating coupon swap. Describe LP's side of the swap.
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