Question: A cross - currency swap is equivalent to: Question 4 options: A foreign currency bond with a put option attached to the principal An interest
A crosscurrency swap is equivalent to:
Question options:
A foreign currency bond with a put option attached to the principal
An interest rate swap with multiple put options coupled with each interest rate payments
A series of long dated forward contracts whose maturity matches each swap payment and forward rate is equal to the spot exchange rate prevailing at inception of the swap.
None of the above
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