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Financial Risk Manager Part 1

Financial Risk Manager Part 1

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On August 9, 2016, what was the total amount received by Savers Bancorp from a 2-year interest rate swap, initiated on August 9, 2014? The swap involved receiving a fixed rate of 4.00% and paying LIBOR plus 1.20% on a notional amount of USD 6.5 million, with payments being made semi-annually. Please consider the relevant 6-month LIBOR rates provided for the 2-year duration.

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