Fundamentals of Corporate Finance with Connect Access Card
Fundamentals of Corporate Finance with Connect Access Card
11th Edition
ISBN: 9781259418952
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 23.5, Problem 23.5ACQ
Summary Introduction

To discuss: Meaning of swap contract and its types.

Introduction:

Swap contract is an emerging derivative instrument, which is first introduced in the year 1981. The swap contract is an agreement to swap or exchange cash flows at specified intervals. This instrument is enormously growing across the world and mostly used by the multinational companies to exchange cash flows.

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