In a typical interest rate swap contract, the swap rate is best described as the interest rate

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In a typical interest rate swap contract, the swap rate is best described as the interest rate for the:

A. Fixed-rate leg of the swap.

B. Floating-rate leg of the swap.

C. Difference between the fixed and floating legs of the swap.

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Related Book For  answer-question

Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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