Mathematics, 28.06.2020 06:01, jahnoibenjamin
In an interest rate swap, a financial institution pays 10% per annum and receives three-month LIBOR in return on a notional principal of $100 million with payments being exchanged every three months. The swap has a remaining life of 14 months. The average of the bid and offer fixed rates currently being swapped for three-month LIBOR is 12% per annum for all maturities. The three-month LIBOR rate one month ago was 11.8% per annum. All rates are compounded quarterly. What is the value of the swap? Use LIBOR discounting.
Answers: 2
Mathematics, 21.06.2019 21:30, isamilo520
Consider a bag that contains 220 coins of which 6 are rare indian pennies. for the given pair of events a and b, complete parts (a) and (b) below. a: when one of the 220 coins is randomly selected, it is one of the 6 indian pennies. b: when another one of the 220 coins is randomly selected (with replacement), it is also one of the 6 indian pennies. a. determine whether events a and b are independent or dependent. b. find p(a and b), the probability that events a and b both occur.
Answers: 2
Mathematics, 22.06.2019 04:10, kelseybieberrr19
Find the radius of a circle that has a circumference of 16. the formula for the circumference of a circle is c = 2tr, where r is the radius and c is the circumference. the equation solved for r is r = c over 2π. r=4 r= 8 r=12 r= 16
Answers: 1
In an interest rate swap, a financial institution pays 10% per annum and receives three-month LIBOR...
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