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ensen Development Co. is seeking an interest rate swap to fix the rate on its floating rate construction loan. Which one of the following statements

ensen Development Co. is seeking an interest rate swap to fix the rate on its floating rate construction loan. Which one of the following statements is true regarding this transaction? A. There is an exchange of loan documents between counterparties B. There is an exchange of the net annual payments on the loan C. There is an exchange of lenders providing the financing D. There is no exchange of any cash between counterparties

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