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Ali holds a portfolio of money market securities, and the manager believes they are paying excellent yields compared to comparable short-term securities. However, the manager
Ali holds a portfolio of money market securities, and the manager believes they are paying excellent yields compared to comparable short-term securities. However, the manager believes that interest rates are about to fall. What type of swap will allow the fund to continue to hold its portfolio of short-term securities while at the same time benefitting from a decline in rates?
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