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Assume that under the terms of a cross-currency-interest-swap which is between Qantas and General Motors and arranged by us (the bank) the following: the notional principal is $100,000,000 (AUD) for six years, and the exchange rate is 1 USD is equal to 1.34 AUD at the time the contract was initiated. We the bank require a fee of 0.10% per annum. Qantas has agreed to pay 6-month LIBOR+1.95% per annum (annual compounding) in USD and to receive 3.9% per annum (annual compounding) in AUD with semi-annual payments. Assume that the swap has 19 months remaining until maturity and the exchange rate at this time is that 1 USD is worth AUD 1.355. Assume that the AUD interest rate is 2.22% per annum and the USD interest rate is 1.55% per annum with continuous compounding for all maturities. The 6-month LIBOR rate five months ago was 2.95% per annum. Calculate the value of the swap to Qantas (i.e., in AUD)
Interview a few people who are not economists but who are old enough to remember the 1970s.- Why was there a recession at the start of the decade and a roaring economy at the end?
What is ERP system? Give a brief history of ERP system. How did ERP system bring Career Opportunities?
How do I figure out this problem? Johnson's Nursery has net income of $42,500, depreciation expense of $1,800, interest expense of $900, taxes of $1,600, additions to net working capital of $2,300, and capital expenditures of $11,700. What is the amo..
Mortgage Foreclosure. In January 2003, Gary Ryder and Washington Mutual Bank, F.A., executed a note in which Ryder promised to pay $2,450,000, plus interest at a rate that could vary from month to month. The amount of the first payment was $10,933. W..
Calculate the cost of Matt's condo during the first year if he currently has the $5,000 down payment invested in an account earning 5% interest.
Consider the European call option of a non-dividend-paying stock. - what opportunities are there for an arbitrageur?
The issuance of bonds to raise capital for a corporation: The discount rate used to value a bond is: If the market price of a bond increases, then:
You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will dec..
Kristin Caldwell has just graduated from college and is considering job offers from two companies. Although the salary and insurance benefits are similar, the retirement programs are not. The other firm has a contributory plan that allows employees t..
How do agents and brokers differ? After hearing the advice that it is usually best to buy life insurance from a person who has been in the business at least five years, a life insurance company general agent became upset and said rather vehemently, “..
The managers of a firm are asked to consider two possible new product lines for the firm. Project 1 is quite risky and may result in a market value for the firm of $50 million in two years, or nothing. What are the possible payoffs to the shareholder..
When this position was closed out, the quoted price was 94.75. -Determine the profit or loss per contract, ignoring transaction costs.
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