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______ You think that interest rates are headed sharply upward and you are locked into a variable rate loan contract on which you are the
______ You think that interest rates are headed sharply upward and you are locked into a variable rate loan contract on which you are the debtor. What strategy might you pursue to protect yourself?
a. swap your fixed rate contract for a variable rate contract.
b. swap your variable rate contract for a fixed rate contract.
c. get out of town quickly in order to protect your knee caps.
d. all of the above.
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