Question: In a fixed-for-floating interest rate swap, the fixed rate represents Select one: a. The current floating rate at the beginning of the swap. b. The

In a fixed-for-floating interest rate swap, the fixed rate represents

Select one:

a. The current floating rate at the beginning of the swap.

b. The average of the expected future floating rates over the life of the swap.

c. The expected floating rate at the end of the swap.

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