Swaptions are:
A) A series of swaplets
B) A forward starting swap
C) An option to enter into a forward starting swap
D) A combination of a swap and a cap
test
Swaptions are:
A) A series of swaplets
B) A forward starting swap
C) An option to enter into a forward starting swap
D) A combination of a swap and a cap
The answer is D) A combination of a swap and a cap