In ________ swap, one party pays a fixed rate calculated at the same time of trade as a spread to a particular government bond, and the other sides pays a floating rate.
A. a currency
B. an interest rate
C. a coupon
D. a basis
Answer: C. a coupon
In ________ swap, one party pays a fixed rate calculated at the same time of trade as a spread to a particular government bond, and the other sides pays a floating rate.
A. a currency
B. an interest rate
C. a coupon
D. a basis
Answer: C. a coupon