Answer Happy

Part 1 - Attempt 1/5 for 10 pts. Which of the following statements is true about interest rate swaps? At the beginning of the contract, the parties exchange (swap) the agreed notional amounts. O At contract maturity, the parties exchange (swap) the securities specified by the contract. The parties exchange a series of cash flows called notional principals. The main purpose of interest rate swaps is to hedge against exchange-rate risk. O They allow the parties to convert a fixed interest rate into a floating rate or vice versa. Submit