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6. (Same as #5 but for Currency Swaps) Consider the following statements. Which are true for Currency Swaps? Please circle each applicable statement. You must

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6. (Same as #5 but for Currency Swaps) Consider the following statements. Which are true for Currency Swaps? Please circle each applicable statement. You must circle all correct statements for credit a. Notional amounts are exchanged at beginning of swap b. Notional amounts are exchanged at end of swap c. Periodic swap payments are "netted" d. Value of swap at initiation is equal to zero e. Value of swap after initiation is equal to difference in PVs of future cash flows to each party

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