What is a so-called interest rate swap

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Interest rate swap: a) What is a so-called "interest rate swap" b) Which advantages and disadvantages of "interest rate swaps" are you aware of? c) To what extent is the interest rate structure relevant when answering the question of whether a cap or a swap is the better interest rate hedging solution? What role do the forward interest rates play in this?

Reference no: EM132774782

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