Interest rate swaps can be designated as hedges. A swap of floating for fixed rate is a
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Interest rate swaps can be designated as hedges. A swap of floating for fixed rate is a cash flow hedge, but a swap of fixed for floating is a fair value hedge. Why?
LO13-3
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Related Book For
Financial Accounting And Reporting
ISBN: 9780273703648
10th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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