lo) THe Hxed rate payer (rioaung rate receiver) in an interest rate swap nas: Pane (a) Positive duration exposure (b) Negative duration exposure (c) Interest rate swaps do not have duration exposure d) Not enough information given 17) A Japanese Yen 9-month forward contract calls for the short position to deliver JPY 100,000 and long to deliver USD 966.28. Currently, interest rates in Japan are 0.25% and 2.00% in the US. The spot rate is 104.34 JPY/USD. If the forward price is currently 103.49 JPY/USD, what action should the Japanese Investor take? (a) Take a long position in the contract and make an arbitrage profit of $4.79 (b) Take a long position in the contract and make an arbitrage profit of 495.74 (c) Take a short position in the contract and make an arbitrage profit of Y495.74 (d) Take a short position in the contract and make an arbitrage profit of $4.79 tcnital is having a discussion with the Chief Financial