Explain how a fixed-for-floating swap can be considered a portfolio of forward contracts on 6-month discount bonds.

Question:

Explain how a fixed-for-floating swap can be considered a of forward contracts on 6-month discount bonds.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...