ACI 3I0-012 Question Answer
Which one of the following formulae is correct?
Long a straight bond + pay fixed on a swap = long a synthetic Floating Rate Note
Long a straight bond + pay floating on a swap = long a synthetic Floating Rate Note
Short a straight bond + receive fixed on a swap = long a synthetic Floating Rate Note
Short a straight bond + pay fixed on a swap = long a synthetic Floating Rate Note
TESTED 15 Jul 2025
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