Consider a Currency Swap Where Two Companies Issue Bonds in the Other's

Multiple Choice

Consider a currency swap where two companies issue bonds in the other's bond market and enter into an agreement. This agreement requires that ________.

A) the two parties exchange the proceeds received from the sale of the bonds.
B) the two parties make the coupon payments to service the debt of the other party.
C) both parties agree to exchange the par value of the bonds with the exchange coming at the termination date of the currency swap (which coincides with the maturity of the bonds) .
D) All of these