CFA MOCK 2012 Afternoon Session Q. 43

I have every time problems with swaps. Also in the Mock. In Q. 43 is the solution.

3738/3250-0,9696-0.012*(sum of Z’s)

Can anyone tell how I can calculate the “0.012”???

Thank you for your input.

0.048/4…it’s quarterly payment

And where u get the 4,8%?

read the question…

Oh, thx. I hate these swaps :frowning: