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Thank you I understand the first point but I'm not quite sure about the the "unique solution". For example in question 7.9 the sample solution is . But my solution is (changes are marked in red colour) . In both solutions the cash flows of company X resp. Y are equal. But it's still...

Hello, I have some question to some exercises of the Hull's book about Derivatives. 1. Let's look at some question like 7.1: "Companies A and B have been offered the following rates per annum on a $20 million five-year loan: Fixed Rate Company A Floating Rate 5.0% Company B LIBOR+0.1% 6.4%...