In an interest rate swap a. There is no credit risk associated with receiving the promised interest
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Question:
In an interest rate swap
a. There is no credit risk associated with receiving the promised interest rate payments
b. The swap dealer faces no credit risk; only the counterparties are exposed
c. Counterparty credit risk has been assumed by the swap dealer
d. The swap dealer assumes the risk of each counterparty defaulting on its respective prinicipal payments
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