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For the lease option, the investment bank has offered to pay $80/bp for each basis point change in 7-year swap in January 2021 vs. now. From Part A, remember that

BA's lease offer has $100/bp sensitivity to the 7-year swap..this $20/bp difference can be understood as risk compensation.. If the 7-year swap in January 2021 is 3%, how much does JAL receive or pay to the investment bank? – 10 pts

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