An interest rate swap can be interpreted as a position in two cash market instruments. What are they from the buyers perspective?

____

A) A long-side of a floating-rate bond and a short position in a fixed-rate bond

B) Purchasing a fixed-rate bond and issuing at a floating-rate

C) Going long and short simultaneously in a floating-rate bond

D) Buying a long-term bond and financing with a short-term bond