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At inception, a plain-vanilla interest rate swap contract typically has a market value equal to: A zero. B the notional principal. C the product of
At inception, a plain-vanilla interest rate swap contract typically has a market value equal to:
| A | zero. |
| B | the notional principal. |
| C | the product of the notional principal and the difference between the swap fixed rate and the benchmark floating rate at inception. |
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Multinational Finance
Authors: Kirt C. Butler
4th Edition
1405181184, 978-1405181181
