Hello!
The correct answer for the blank is: Operating profit margin.
I really hope you found this helpful! :)
Answer:
2129 futures contracts to be sold
Explanation:
Asset worth = $310 million
Asset duration = 12 years
liabilities = $248 million
Liabilities duration = 5 years
T-bond futures contracts = 104-20 (30nds)
% of assets = 310 / 248 =
<u>Determine how many futures contracts Village Bank will sell to fully hedge the balance </u>
Number of Contracts = -[Assets * (Asset Duration – (Liabilities Duration * % of Assets) / (Duration * Contract Value)]
= - [ 310 * ( 12 - ( 5 * (310/248)) / ( 8 * ( 104 + ( 20/30)) ]
= - [ 310 * ( 12 - 6.25 ) / ( 8 * 104.6667 ) ]
= - [ 310 * 5.75 / 837.3336 ]
= - 2.12878 * 1000
= 2128.78 ≈ 2129 ( number of futures contracts to be sold )
Answer:
True
Explanation:
This is true that no person shall engage in the business of finance broker or finance lender without obtaining a license from the commissioner. All of them shall comply with dbo rules and regulation. if they fail to comply they may face a fine or cancelation of license.
<h2>Compliance-based ethical codes that tell employee what behavior is expected of them and establish the punishment for any violations</h2>
Explanation:
Compliance-based ethical code
- Follow laws
- Follow rules and regulations
- Avoid legal complaints
- This always focus on prevention, early detection of violation
- Will empower legal counsel
- State of being in accordance with established guidelines
- These are the rules attached to the employees
- The rules, laws and regulation might be as follows
1. Non-Disclosure agreement
2. Behavior especially towards women employee
3. Timings and other administrative procedures
4. Any other which might create a legal issue
It depends ob your situation. For example, in the office situation, if you came late for a special meeting (like people coming from other countries just to visit you), then you would most probably won't see the meeting again!
I hope it helpd you!
