How could Procter & Gamble hedge its exposure to the interest rate risk embedded in the leveraged

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How could Procter & Gamble hedge its exposure to the interest rate risk embedded in the leveraged swap. Would you expect the approximate cost of such a hedge to be equal to, more than or less than the 75 basis points that Bankers Trust was generously paying to Procter&Gamble? Howwould your answer change as interest rates started to rise?

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