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    Exam 30: OTC Interest Rate Derivatives: Forward Rate Agreements, Swaps, Caps, and Floors
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    There Are Two Types of Swaptions - a Payer Swaption
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There Are Two Types of Swaptions - a Payer Swaption

Question 15

Question 15

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There are two types of swaptions - a payer swaption and a receiver swaption. Describe each of these two types of swaptions.

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A payer swaption entitles the option buy...

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