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Interest Rate Swaps: Explain using an example, Interest Rate Swaps [IRS]? How are these used by corporations 8: banks to hedge risks? Are Swaps optimal

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Interest Rate Swaps: Explain using an example, "Interest Rate Swaps" [IRS]? How are these used by corporations 8: banks to hedge risks? Are Swaps optimal for risk transfer for banks 8: local governments? Why or Why not? [Book and Class Notes]

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