Why might a borrower who wishes to make fixed interest rate payments and who has access to

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Why might a borrower who wishes to make fixed interest rate payments and who has access to both fixed- and floating-rate loans still benefit from becoming a party to a fixed-for-floating interest rate swap?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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