A swap allows the side receiving floating to close out the position before maturity. How does the

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A swap allows the side receiving floating to close out the position before maturity. How does the ‘fair’ value for the fixed rate side of the swap compare to that for a swap with no call/put features?

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Introduces Quantitative Finance

ISBN: 978-0470319581

2nd edition

Authors: Paul Wilmott

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Question Posted: Sep 23, 2020 05:58 AM

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A swap allows the side receiving floating to close out the position before maturity. How does the

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The fair value of the interest rate swap is then calculate...View the full answer

Introduces Quantitative Finance

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