As a Foreign Exchange Hedge,cross-Currency Swaps Have All of the Following

Multiple Choice

As a foreign exchange hedge,cross-currency swaps have all of the following features,except:

A) each party pays the other's interest payment.
B) principal amounts are reversed at a pre-specified rate at maturity.
C) an initial exchange of the two principal amounts by the two parties in the two different currencies.
D) principal amounts are reversed at the spot rate at maturity.