Swaps- which require the exchange of a series of cash flows- are mainl.docx

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Swaps, which require the exchange of a series of cash flows, are mainly concerned with currency and interest rates. a) Define a swap. b) Explain the relationship between a forward contract and a swap. c) Discuss the motives a company might have for engaging in currency and interest rate swaps. and use a case of a specific company .

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