Given zero-coupon bond yields are 2.0%, 2.5%, and 2.8% in years 1, 2, and 3, respectively, calculate the prepaid swap price for corn. Assume corn forward prices for the proceeding 3 years are $5.00, $5.20, and $5.35, respectively
A) $14.87
B) $15.04
C) $16.12
D) $16.20
A
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Indicate whether the statement is true or false
In a common-size financial statement, which of the following is given a designation of 100 percent?
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Assume that the custodian of a $450 petty cash fund has $65 in coins and currency plus $382 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Cash for $382. B. A credit to Cash for $385. C. A credit to Cash Over and Short for $3. D. A debit to Cash for $450. E. A debit to Petty Cash for $385.