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As a foreign exchange hedge, cross-currency swaps have all of the following features, except: a a. each party pays the other's interest payment. b. principal

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As a foreign exchange hedge, cross-currency swaps have all of the following features, except: a a. each party pays the other's interest payment. b. principal amounts are reversed at the spot rate at maturity. O principal amounts are reversed at a pre-specified rate at maturity. d. an initial exchange of the two principal amounts by the two parties in the two different currencies

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