What is a swap in what ways is it different from a futures


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?

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Financial Management: What is a swap in what ways is it different from a futures
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