10. Why can a fixed-rate payer in an interest rate swap be viewed as being short the...

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10. Why can a fixed-rate payer in an interest rate swap be viewed as being short the bond market, and the floating-rate payer be viewed as being long the bond market?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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