Explain how an interest rate swap can be viewed as either a series of forward rate agreements,

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Explain how an interest rate swap can be viewed as either a series of forward rate agreements, a pair of bond transactions, or a pair of option agreements. To make your description more precise, take the point of view of the fixed-rate receiver in the swap.

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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