In a Plain Vanilla Interest Rate Swap, the "Fixed-Rate Payer

Multiple Choice

In a plain vanilla interest rate swap, the "fixed-rate payer":

A) has established the price sensitivities of a longer-term fixed-rate liability and a floating-rate asset
B) has established the price sensitivities of a longer-term fixed-rate asset and a floating-rate liability
C) receives fixed in the swap
D) pays floating in the swap