Swap Duration

Easy one folks. You enter fixed payer swap that receives semiannual payments. Assume that the fixed side has a duration of 3. The duration of the swap to you is. A) 2.75 B) -2.75 c) 2.5

B 3 out, .25 in, = 2.75 out neg 2.75

B (Assuming this is a plain-vanilla swamp, and you are receiving floating @ .25 duration)

B

B

B

b