Back Bay Insurance Company negotiated a callable swap involving fixed payments in exchange for floating payments. Assume

Question:

Back Bay Insurance Company negotiated a callable swap involving fixed payments in exchange for floating payments. Assume that interest rates decline consistently up until the swap date. Do you think Back Bay might terminate the swap prior to Explain.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...