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PLEASE NOTE: THE QUESTION HAS BEEN POSTED BEFORE. I WOULD LIKE A FRESH TAKE ON IT AS THE PREVIOUS ANSWER WAS NOT CLEAR ENOUGH. HERE
PLEASE NOTE: THE QUESTION HAS BEEN POSTED BEFORE. I WOULD LIKE A FRESH TAKE ON IT AS THE PREVIOUS ANSWER WAS NOT CLEAR ENOUGH. HERE IS THE QUESTION:
Give an example to explain why a US company might wish to enter into a fixed rate currency swap, paying Euros and receiving fixed- rate Sterling.
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