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When an interest-only swap is established on an amortizing basis, the debt service exchanges decrease periodically through time as the hypothetical notational principal is amortized.
When an interest-only swap is established on an amortizing basis,
the debt service exchanges decrease periodically through time as the hypothetical notational principal is amortized. | ||
the debt service exchanges are the same each year, but the level of interest and principal changes as the loans amortize. | ||
there is no such thing as an amortizing interest-only swap. | ||
none of the options |
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