Interest rates are a critical input in the construction and valuation of any financial asset. Every equation in finance has interest rates in it, either explicitly or implicitly. Mortgages, student loans, business loans, government borrowings, and even equities and commodities are impacted by interest rates. Businesses can avoid interest rate risk by engaging in fixed-rate borrowing. Fixed-rate borrowing is the most common form of borrowing in traditional markets. Per Notional's terrific...