47．A plain vanilla interest rate swap is a contract where one party pays a:

Select exactly 1 answers from the following:
A. fixed interest rate and the counterparty pays a floating rate in a different currency.
B. fixed interest rate and the counterparty pays a fixed rate, both in the same currency.
C. floating interest rate and the counterparty pays a floating rate in a different currency.
D. fixed interest rate and the counterparty pays a floating rate, both in the same currency.
答案和详解如下！
Feedback: Correct answer: D

Analysis of Derivatives for the CFA Program, Don M. Chance, (AIMR, 2003), pp. 279

2006 Modular Level I, Vol. IV, pp. 496

Study Session 16-73-c

define and give an example of a plain vanilla interest rate swap and calculate and interpret the payments on an interest rate swap

A plain vanilla interest rate swap is a contract where one party pays fixed while the counterparty pays floating, both in the same currency.

d

[此贴子已经被作者于2006-11-22 12:42:39编辑过]

d

a