Interest-rate swaps are: a. Exchanges of equity securities for debt securities b. Agreements involving swapping of option contracts c. Agreements that allow both parties to convert floating interest rates to fixed interest rates. d. Agreements between two parties to exchange periodic interest-rate payments over some future period

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter31: Capital Markets
Section: Chapter Questions
Problem 16E
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Interest-rate swaps are:

a. Exchanges of equity securities for debt securities

b. Agreements involving swapping of option contracts

c. Agreements that allow both parties to convert floating interest rates to fixed interest rates.

d. Agreements between two parties to exchange periodic interest-rate payments over some future period

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