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Browning Enterprises Currently Has All Fixed-Rate Debt

Question 61

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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