A Five-Year Interest Rate Swap That Can Be Cancelled at the Two

Multiple Choice

A five-year interest rate swap that can be cancelled at the two year point is: choose one)

A) The difference between two plain vanilla interest rate swaps
B) The difference between a plain vanilla interest rate swap and a forward start swap
C) A regular interest rate swap plus a European swap option
D) A regular interest rate swap plus a Bermudan swap option