The swap rate is the fixed rate that will make the present value of the fixed rate
Question:
“The swap rate is the fixed rate that will make the present value of the fixed rate payments equal the present value of the floating rate payments.”
Do you agree or disagree with this statement.
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I agree with the statement that the swap rate is the fixed rate that will make the present value of ...View the full answer
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Related Book For 
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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