NO.PZ2022123002000065
问题如下：
Mamani informs AI's management that, as an alternative, it could
enter into an interest rate swap to effectively convert its floating-rate loan
to a fixed-rate loan. Mamani states, "You would take a position in a
two-year swap with semiannual payments and a notional principal equal to your
loan balance. You would pay a fixed rate equal to current two-year Libor and
receive 180-day Libor."
Mamani's
description of the interest rate swap to be used to convert AI's floating-rate
loan to a fixed-rate loan is least likely correct regarding the:
选项：
A.notional
principal amount
fixed
interest rate to be paid
floating
interest rate to be received
解释：
Correct Answer: B
The fixed interest
rate on the swap would not equal the Libor rate for the maturity of the swap
but rather the rate that would make the present value of the fixed and floating
payments equal.
一端是pay floating (semi anual)
另一端 pay fixed, receive floating
这两个floating怎么net 掉啊？看了一下数字不对等啊 那不就还是有exposure
