Question: Wallace sells a AAA rated 4 % bond for $ 9 6 0 and buys another AMA rated 4 % bond for 5 9 5
Wallace sells a AAA rated bond for $ and buys another AMA rated bond for Both bonds mature in seven years. This is an example of
A an intermarket spread swap.
an interest rate swap.
C a pure yield pichup swap.
D a substipution swap
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