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 fixed-rate loan.
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Related Book For 
Advanced Accounting
ISBN: 9780131851221
9th Edition
Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony
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