Question: In a plain vanilla interest rate swap: A. payments equal to the notional principal are swapped at the end of the contract. B. payments equal

In a plain vanilla interest rate swap:

A. payments equal to the notional principal are swapped at the end of the contract.

B. payments equal to the notional principal are swapped at the beginning of the contract.

C. one party pays a fixed rate and the other pays a floating rate, both based on a notional principal amount.

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