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Please answer all A-C. Pertaining to Swaps a. Describe how an interest rate swap works. In addition, if your company is concerned that interest rate

Please answer all A-C. Pertaining to Swaps image text in transcribed
a. Describe how an interest rate swap works. In addition, if your company is concerned that interest rate might go up and wants to take advantage of today's low interest rate, will you choose a pay-fixed-and-receive-floating-rate swap or a pay-floating-and-receive-fixed-rate swap? b. Describe how a currency swap works. In addition, if your company wants to obtain 100 million Euros this year to invest for the coming five years and will end the project after five years, how would you design the swap contract? c. Describe how a credit default swap works. In addition, if we bought corporate bonds on TSLA, how can we use a CDS to protect our position

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