Hi David, For Answer B) Converting an Inverse Floater(12%-LIBOR) to Fixed Bond(6%). Should i be evaluating the question as Adding LIBOR and paying 6% (i.e : 12% - LIBOR ++ LIBOR - 6% == 6%). If there is any other easy way please let me know. For Answer C) If the Hedge was against dropping Interest Rates --> Would this be the right answer? OR is it like Inverse Floater can never be used as a hedge ever?? Kindly clarify.