Was P&G's 1994 German mark swap an interest rate swap or a cross currency swap? Explain
What will be an ideal response?
The 1994 swap was an interest rate swap because all the cash flows were denominated in German marks. There was no exchange of principal at the initiation of the contract and no exchange of principal at the end.
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_____________activities involve long-term liabilities and stockholders' equity
Fill in the blank(s) with correct word
Small and medium-size companies typically have more difficulty attracting equity capital than debt capital
Indicate whether the statement is true or false
In order to measure the carrying value of investments in bonds, which of the following time value of money concepts is used?
A) the present value of an ordinary annuity B) the future value of a single sum C) the future value of an ordinary annuity D) all of these
The entry to increase the balance in petty cash from $50 to $75 would include a credit to Petty Cash of $25.
Answer the following statement true (T) or false (F)