A floating-for-fixed currency swap is equivalent to
A. Two interest rate swaps, one in each currency
B. A fixed-for-fixed currency swap and one interest rate swap
C. A fixed-for-fixed currency swap and two interest rate swaps, one in each currency
D. None of the above
B
A floating-for-fixed currency swap where the floating rate is paid in currency X and the fixed rate is received in currency Y is equivalent to (a) a fixed-for-fixed currency swap where, say, 5% in currency X is paid and the fixed rate in currency Y is received, (b) a regular interest rate swap where 5% in currency X is received and floating in currency X is paid.
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Pluto Travel Services provided the following information
Direct labor rate: $40 per hour Predetermined overhead allocation rate for indirect costs: $21 per direct labor hour Pluto is negotiating a job with a new client. The job will require 10 hours of direct labor. If Pluto wishes to have at least a 15% gross profit on the revenues, it needs to earn $713 of revenues. Indicate whether the statement is true or false
Zoe and other users of Facebook and other social networking sites post trademarked images and copyrighted materials on these sites without permission. This
a. is a violation of the intellectual property rights of the owners of the images and materials. b. is within the rights of the users of social networks. c. is a subject for dispute resolution by the providers of the social networks. d. falls under the "business-extension exception" to the Electronic Communications Privacy Act.
Mike is putting forth an extreme effort to accomplish a goal. Based upon this statement we can say Mike has ________.
A. high goal-esteem B. high goal drive C. high goal intensity D. high goal commitment
A stock is valued at $28.00. The annual expected return is 9.0% and the standard deviation of annualized returns is 19.0%. If the stock is lognormally distributed, what is the expected price after 4 years?
A) $28.00 B) $32.33 C) $40.13 D) $54.60