Question: Do you expect a call option with a shorter or longer time to expiration to have a higher premium? Explain how an interest rate swap

  1. Do you expect a call option with a shorter or longer time to expiration to have a higher premium?

  1. Explain how an interest rate swap works and what the main goals/purpose of using it are.

  1. Explain how a currency swap works and what the main goals/purpose of using it are.

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