The ________ is the conceptual principal amount that controls the cash flows of an interest rate swap
A) notional principal
B) all-in cost
C) right of offset
D) yield to call
Answer: A
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On June 11, Nathan, Inc accepted a $8,000, 7%, 60-day note from a customer. On June 26, the company discounted the note at the bank at 10%. The proceeds amounted to
A) $8,101.17 B) $7,992.16 C) $8,093.33 D) $8,000.00
Both the payback period and the accounting rate of return ignore the time value of money
Indicate whether the statement is true or false
An employer is required to compensate for harm caused by its employees in the course of work due to the principle of
A) vicarious liability B) joint and several liability C) workers' compensation liability D) employment equity E) insurance disclosure
The manager of the customer service division of a major consumer electronics company is interested in determining whether the customers who have purchased a videocassette recorder over the past 12 months are satisfied with their products. If there are 4 different brands of videocassette recorders made by the company, the best sampling strategy would be to use a:
A. simple random sample. B. stratified random sample. C. cluster sample. D. self-selected sample.