______________________Is Used in Pricing a Swap

question 36

Multiple Choice

______________________is used in pricing a swap.

• A) fair fixed rate
• B) the prevailing rate
• C) the average of the 12 month's rate
• D) none of the above

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Definitions:

Rescind

To revoke, cancel, or repeal a contract, offer, or agreement.

Unilateral Mistake

A misconception or error made by one party in a contract that does not affect the contract's overall validity unless the other party was aware of the mistake and took advantage of it.

Georgia Law

The body of statutory and common law originating from the state of Georgia, governing legal issues within its jurisdiction.

Rescind A Contract

The legal act of revoking, canceling, or annulling a contract, returning the parties to their positions prior to the agreement.