You wish to create a synthetic forward rate agreement in which you would lock in a return between 150 and 310 days. The price of a 150-day zero coupon bond is 0.9823 and the price of 310-day zero coupon bond is 0.9634
What is the approximate yield on the synthetic FRA?
A) 1.8%
B) 2.0%
C) 2.9%
D) 3.8%
B
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When an alteration is fraudulently made, the party whose obligation is affected by the alteration is discharged
Indicate whether the statement is true or false
Negligence torts are based on the idea that:
a. we have a duty to conduct ourselves in all situations so as not to create an unreasonable risk of harm or injury to others b. society owes victims of accidents compensation c. businesses make more money than individuals and so are financially capable of compensating victims of accidents d. if business are not held responsible for injuries caused by carelessness they will become even more careless e. none of the other specific choices
Interactive agencies
A. purchase media time and space in bulk. B. facilitate refunds and rebate offers. C. design Web pages and ads for the Internet. D. use customer relationship marketing to work with customers. E. create ads for nontraditional media like shopping carts.
Preexisting Duty. New England Rock Services, Inc, agreed to work as a subcontractor on a sewer project on which Empire Paving, Inc, was the general contractor. For drilling and blasting a certain amount of rock, Rock Services was to be paid $29 per
cubic yard or on a time-and-materials basis, whichever was less. From the beginning, Rock Services encountered problems. The primary obstacle was a heavy concentration of water, which, according to the custom in the industry, Empire should have controlled but did not. Rock Services was compelled to use more costly and time-consuming methods than anticipated, and it was unable to complete the work on time. The subcontractor asked Empire to pay for the rest of the project on a time-and-materials basis. Empire signed a modification of the original agreement. On completion of the work, Empire refused to pay Rock Services the balance due under the modification. Rock Services filed a suit in a Connecticut state court against Empire. Empire claimed that the modification lacked consideration and was thus not valid and enforceable. Is Empire right? Why or why not?