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Borrowers find interest rate and currency swaps attractive primarily because A. These instruments let them disaggregate and recombine risks in their preferred manner B. Investors

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Borrowers find interest rate and currency swaps attractive primarily because A. These instruments let them disaggregate and recombine risks in their preferred manner B. Investors do not understand how they are priced, thereby creating arbitrage opportunities for borrowers c. The accounting treatment for swaps is more favorable than for outright loans D. These swap rates are typically lower than the rates at which they could borrow from banks

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