Interest rate swaps were used in the chapter to highlight the differences between fair value and cash

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Interest rate swaps were used in the chapter to highlight the differences between fair value and cash flow hedge accounting. Explain what type of risk is being hedged when a pay-fixed, receive-variable swap is used to hedge an existing variable-rate loan.

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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