International Financial Management (mindtap Course List)
International Financial Management (mindtap Course List)
14th Edition
ISBN: 9780357130544
Author: Jeff Madura
Publisher: Cengage Learning
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Swaps
A swap is a derivative contract in which two parties are agreed to exchange their cash flows from two different financial instruments for a defined period. In swap contracts, cash flows from one financial instrument are fixed and cash flow from other fin…
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