Which of the Following Describes the Way a LIBOR-In-Arrears Swap

Multiple Choice

Which of the following describes the way a LIBOR-in-arrears swap differs from a plain vanilla interest rate swap?

A) Interest is paid at the beginning of the accrual period in a LIBOR-in-arrears swap
B) Interest is paid at the end of the accrual period in a LIBOR-in-arrears swap
C) No floating interest is paid until the end of the life of the swap in a LIBOR-in-arrears swap, but fixed payments are made throughout the life of the swap
D) Neither floating nor fixed payments are made until the end of the life of the swap