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Hello Sir,
I would like to know what will be the percentage of interest payable by the counterparty and receivable by the Buryecs Co under question b(i).
Thanks in advanceBuryecs will receive bank rate from the counterparty, and will pay 4.6% to the counterparty.
As a result, Buryecs will end up paying a net amount of bank rate – 0.6%.
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Thank you for the reply sir
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