Discuss the sense in which a 5-year currency swap is a sequence of long-term forward contracts. How

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Discuss the sense in which a 5-year currency swap is a sequence of long-term forward contracts. How do the implicit forward exchange rates in a currency swap differ from the long-term forward exchange rates for those maturities?

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Question Posted: May 28, 2012 02:45 AM

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Discuss the sense in which a 5-year currency swap is a sequence of long-term forward contracts. How

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A 5year currency swap is an agreement to exchange cer...View the full answer

International Financial Management

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