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When LIBOR is used as the discount rate Select one: a. The value of a swap is worth zero immediately after a coupon payment b.
When LIBOR is used as the discount rate Select one: a. The value of a swap is worth zero immediately after a coupon payment b. The value of a swap is worth zero immediately before a coupon payment c. The value of the floating rate bond underlying a swap is worth par immediately after a coupon payment d. The value of the floating rate bond underlying a swap is worth par immediately before a coupon payment
When LIBOR is used as the discount rate
Select one:
a.
The value of a swap is worth zero immediately after a coupon payment
b.
The value of a swap is worth zero immediately before a coupon payment
c.
The value of the floating rate bond underlying a swap is worth par immediately after a coupon payment
d.
The value of the floating rate bond underlying a swap is worth par immediately before a coupon payment
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