How does an interest rate swap work? In particular, what is the notional principal?

Question:

How does an interest rate swap work? In particular, what is the notional principal?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

Question Posted: