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11. A firm with fixed-rate debt that expects interest rates to fall may engage in a swap agreement to: a. Pay fixed-rate interest and
11. A firm with fixed-rate debt that expects interest rates to fall may engage in a swap agreement to: a. Pay fixed-rate interest and receive floating rate interest. b. Pay floating-rate interest and receive fixed-rate interest. c. Pay fixed-rate interest and receive fixed-rate interest. d. Pay floating-rate interest and receive floating-rate interest.
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