Floating-for-floating currency swaps

		have different reference rates for the different currencies: e.g. dollar LIBOR versus euro LIBOR.
		do not exist.
		none of the options
		offer the swap bank a built-in hedge.

The cost of equity capital is

		frequently estimated by using the Capital Asset Pricing Model (CAPM).
		all of the options
		the expected return on the firm's stock that investors require.
		generally considered to be a linear function of the systematic risk inherent in the security