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marissa [1.9K]
1 year ago
5

Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob

visited, he noticed that the analysts wore conservative suits and their desks were laid out in a large space like a warehouse, without cubicles, walls, or decorations. The ________ seemed like a clue to a miserly culture.
Business
1 answer:
Fudgin [204]1 year ago
6 0

Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob visited, he noticed that the analysts wore conservative suits and their desks were laid out in a large space like a warehouse, without cubicles, walls, or decorations. The physical space and décor seemed like a clue to a miserly culture.

<h3>What is Insurance Company ?</h3>

Insurance company are financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.

Insurance companies assess the risk and charge premiums for various types of insurance coverage. If an insured event occurs and you suffer damages, the insurance company pays you up to the agreed amount of the insurance policy. The way insurance companies work, they can pay this and still make a profit.

Learn more about Insurance Company on:

brainly.com/question/25855858

#SPJ4

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The risk-free yield curve is flat at 6% per annum. What is the value of an FRA where the holder receives LIBOR at the rate of 9%
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Answer:

c. $8.63

Explanation:

Missing word <em>"The forward LIBOR rate is 7%. All rates are compounded semiannually.  A. $8.88 , B. $9.12 , C. $8.63 , D. $9.02"</em>

Principal = $1000, FRA Rate = 9 % per annum, LIBOR after 2 years = 7 % per annum, Compounding Frequency: Semi-Annual, Risk-Free Rate = 6 % per annum

The FRA matures 2 years or 24 months from now. Further, the Interest Rate that the FRA hedges will create an interest expense only at the end of the LIBOR loan period which is an additional 6 months after the 24 month period.

Hence, Exchange of Interest Expense at the end of 30 Months = (FRA Rate - LIBOR) x Principal (calculated on a semi-annual basis)

= (0.045 - 0.035) * 1000

= $10

Current Value of FRA = Present Value of Interest Expense at the end of the 30 Months Period

= 10 / [1+(0.06/2)]^(30/6)

= $8.6261

= $8.63

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2 years ago
I really need to graduate HIGHSCHOOL PLEASE HELP ASAP. In a Chapter 7 bankruptcy, a debtor: A. is required to draw up a petitio
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Miltmar Corporation will pay a year-end dividend of $5, and dividends thereafter are expected to grow at the constant rate of 4%
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Answer:

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If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
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Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

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