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A pure yield pickup swap involves swapping out of a a . bond to realize capital losses into a comparable bond. b . high coupon
A pure yield pickup swap involves swapping out of a
a bond to realize capital losses into a comparable bond.
b high coupon bond into a comparable low coupon bond.
c low coupon bond into a comparable high coupon bond.
d bond that is overpriced into a comparable bond that is underpriced.
e bond that is underpriced into a comparable bond that is overpriced.
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