6. Interest rate swaps were used in the chapter to highlight the differences between fair-value and cash-flow
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6. 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 receive-fixed, pay-variable swap is used to hedge an existing fixed-rate loan.
466 CHAPTER 13
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Related Book For 
Advanced Accounting
ISBN: 9781292214597
13th Global Edition
Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith
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