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  • Introduction to Derivative Products
    vice versa. Let's go through another example (Table 1). Dewey is a portfolio manager who works with ... convert his fixed-rate securities to floating rate. TABLE 1 Example SWAP Assets 5-year fixed-rate bonds ...

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    • Authors: Martin Klein, Francis Sabatini, Peter A Minton
    • Date: Jun 1993
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Record of the Society of Actuaries
    • Topics: Finance & Investments>Derivatives