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A firm with fixedminusrate debt that expects interest rates to fall may engage in a swap agreement to: A. pay fixed rate and receive fixed

A firm with

fixedminusrate

debt that expects interest rates to fall may engage in a swap agreement to:

pay fixed rate and receive fixed rate.

B.pay

fixedminusrate

interest and receive floating rate interest.

pay floating rate and receive fixed rate.

pay floating rate and receive floating rate.

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