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Examine interest rate swaps and their importance in today’s capital markets. Discuss reasons that firms use swaps, types of swaps, advantages and inherent risks, pricing strategies, present and future value applications, regulation of participants in the market, balance sheet effects, and financial disclosure. Topics include swaptions, captions, step-up coupon caps, delayed caps, and the impact of inflation.
http://www.sps.nyu.edu/content/scps...924