The Option on a Putable Swap Would Most Likely Be

question 25

Multiple Choice

The option on a putable swap would most likely be exercised if interest rates

• A)rise.
• B)fall.
• C)remain constant.
• D)remain somewhat stable.

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Definitions:

Certifies

The act of formally confirming or acknowledging a fact or statement, often officially recognized by a signature or seal.

Draft

A preliminary version of a piece of writing, document, plan, or design that may be subject to further revision.

Transfer Warranties

Guarantees made concerning the condition or legal status of goods at the time of their transfer to a new owner.

Discharged

The completion or termination of an obligation such as a debt or legal duty.