1. When an interest-only swap is established on an amortizingbasis: (Points : 1)

1. When an interest-only swap is established on an amortizingbasis: (Points : 1) the debt service exchanges decreaseperiodically through time as the hypothetical notational principalis amortized. the debt service exchanges are the same each yearbut the level of interest and principal changes as the loansamortize. there is no such thing as an amortizing interest-onlyswap. None of the above