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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:

A.

pay fixed rate and receive fixed rate.

B.pay

fixedminusrate

interest and receive floating rate interest.

C.

pay floating rate and receive fixed rate.

D.

pay floating rate and receive floating rate.

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