What is an interest rate swap and what purpose does it serve

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1. The CBOE Web site quotes the CEO of an investment advisory firm as saying: "The VIX Index is an important and popular tool for measuring investor sentiment. . . ." Briefly explain in what sense the VIX is a measure of investor sentiment.

2. What is a swap? In what ways is it different from a futures contract?

3. What is an interest-rate swap? What purpose does it serve?

Reference no: EM131305246

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