AFP Certified Treasury Professional CTP Question # 239 Topic 1 Discussion

AFP Certified Treasury Professional CTP Question # 239 Topic 1 Discussion

CTP Exam Topic 1 Question 239 Discussion:
Question #: 239
Topic #: 1

Upon entering into an interest rate swap with a notional principal of $10,000,000, what is the initial amount of money the counterparties must exchange at the beginning of the swap?


A.

$0


B.

$5,000,000


C.

The future value of $10,000,000


D.

$10,000,000 discounted


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