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What is a swap contract? Multiple choice question. It is the right to convert convertible bonds into equity at a pre-specified price. It is an

What is a swap contract? Multiple choice question. It is the right to convert convertible bonds into equity at a pre-specified price. It is an arrangement between two counterparties to exchange specified cash flows over time. It is contract to swap a home mortgage portfolio with a commercial mortgage portfolio of equal duration. It is an arrangement to swap debt for equity at the time of merger

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