A company has fixed rate debt and enters a receive fixed/pay variable swap. Interest expense equals:
A) The fixed rate interest adjusted for amounts reclassified from other comprehensive income
B) The variable rate interest adjusted for amounts reclassified from other comprehensive income
C) The fixed rate interest adjusted for the net cash paid to or received from the intermediary
D) The variable rate interest adjusted for the net cash paid to or received from the intermediary
Correct Answer:
Verified
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