题目内容

When parties exchange fixed cash payments for payments that depend on the returns to a stock or a stock index, they are purchasing a(n):

A. equity swap.
B. index fund.
C. stock option.

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A dealer has entered into an equity swap as the fixed-rate payer. The swap is based on the returns of the S&P500 index. On the last settlement date, the index fell by 2% due to a significant drop in the value of a few of its component stocks.On the last settlement date, the dealer would have to pay:

A. the entire fixed payment it owes.
B. a netted amount of fixed payment.
C. a fixed-rate payment and an equity payment.

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Which one of the following statements about swaps is FALSE?

A. In an interest rate swap, only the net interest payments are swapped.
B. In a currency swap, only net interest payments are made.
C. In a currency swap, the notational principal is actually swapped twice, once at the beginning of the swap and again at the termination of the swap.
D. Swaps are a zero sum game.

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Which of the following statements about swaps is FALSE?

A. The main motivation for a swap is cost reduction and privacy.
B. The notational principal is swapped at the beginning and end of a currency swap.
C. The notational principal is swapped at the beginning of an interest rate swap.
D. A plain vanilla interest rate swap is the exchange of fixed for variable rate interest.

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A large publicly held company refines crude oil into gasoline and sells gasoline wholesale with long-term contracts at fixed prices. The firm also owns the land, with full rights, from which it pumps crude oil. The firm financed the purchase of the land by issuing floating-rate bonds. This firm could reduce the volatility of its earnings by entering into a(n):I Interest-rate swapII Oil commodity swap

A. I only
B. II only
C. Both I and II
D. Neither I nor II

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When parties exchange fixed cash payments for payments that depend on the returns to a stock or a stock index, they are purchasing a(n):

A. equity swap. B. index fund. C. stock option.

Which one of the following statements about swaps is FALSE?

Which of the following statements about swaps is FALSE?

A. equity swap.
B. index fund.
C. stock option.