Answer question below with Ture or False:

1. The value of a floating-rate bond is par on each interest payment date.

2.An interest rate swap is a special case of a currency swap with both currencies being the same.

3.A swap involving two floating rates is called a basis swap

4.A strategy to replicate an equity swap involving two stock indices is to buy one index and sell short the other.

5.Interest rate swap volume is greater than currency swap volume because virtually ever business is exposed to interest rate risk.