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Upon entering into an interest rate swap with a notional principal of $10,000,000, what is...

Upon entering into an interest rate swap with a notional principal of $10,000,000, what is the initial amount of money the counterparties must exchange at the beginning of the swap?

A.

$0

B.

$5,000,000

C.

The future value of $10,000,000

D.

$10,000,000 discounted

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