Answer:
The correct answer is option (D).
Explanation:
A driver's license is an identity proof but it is not sufficient to verify Javier's eligibility to work in the U.S. as it does not show eligibility for employment. The driver's license is a license provided by the administration to the capable person to drive the vehicle.
While the other options are incorrect because:
- A U.S. birth certificate is incorrect because it is sufficient to verify Javier's eligibility to work in the U.S. as it verifies the eligibility for employment.
- A U.S. passport also verifies the eligibility for employment and hence it is incorrect.
- A permanent resident card is incorrect because it also works as a identity and verifies eligibility for employment.
Id try 8k since it’s in the middle
Answer:
$4.24287 million per year
Explanation:
Missing question: The swap will call for the exchange of 1 million euros for a given number of dollars in each year.
For structured three separate forward contracts of the exchange of currencies, the forward price could be found as follows
Forward exchange rate * $1 million error = Dollar to be received
Year 1 = 1.50*(1.04/1.03) * 1 million euros
Year 1 = 1.514563106796117 * 1 million euros
Year 1 = $1.5145 million
Year 2 = 1.50*(1.04/1.03)^2 * 1 million euros
Year 2 = 1.529267602978604 * 1 million euros
Year 2 = $1.5293 million
Year 3 = 1.50*(1.04/1.03)^3 * 1 million euros
Year 3 = $1.5441 million
The number of dollars each year is determined by computing the present value:
= 1.5145 / 1.04 + 1.5293 /(1.04)^2 +1.5441 / (1.04)^3
= 1.45625 + 1.41392 + 1.3727
= $4.24287 million per year
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