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Which of the following is true for an interest rate swap? A swap is usually worth close to zero when it is first negotiated Each

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Which of the following is true for an interest rate swap? A swap is usually worth close to zero when it is first negotiated Each forward rate agreement underlying a swap is worth close to zero when the swap is first entered into Comparative advantage is a valid reason for entering into the swap None of the above a long hedge in the July 2022 Brent crude oil futures contract liquidated in mid-June. a long hedge in the May 2022 light sweet crude oil futures contract liquidated just before futures expiration. a long hedge in the July 2023 light sweet crude oil futures contract liquidated in mid-June. a long hedge in the August 2022 light sweet crude oil futures contract liquidated in mid-June

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