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Browning Enterprises Currently Has All Fixed-Rate Debt

Question 22

Multiple Choice

Browning Enterprises currently has all fixed-rate debt. The firm would like to convert part of this to floating-rate debt. Which one of the following will accomplish this for the firm?


A) Option on floating-rate bonds
B) Forward contract on U.S. Treasury bills
C) Interest rate swap
D) Currency swap
E) Interest rate call option

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