13. A security known as an interestrate swap can be modeled as a portfolio consisting of either (i) a long position in a oatingrate bond and a short position in a xedrate bond (a payer swap) or (ii) a long position in a xedrate bond and a short position in a oatingrate bond (a receiver swap).2 Briey explain: 0 The price of the swap when the swap is created. 0 How changes in the yield curve after the swap is created result in changes to the swap price