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BlackZzzverrR [31]
3 years ago
5

  The brilliant colored ribs of Swiss chard can add excitement to your garnishes as a substitute for which of the following vege

tables?       
A. Carrots   B. Jícama   C. Zucchini   D. Celery
Business
1 answer:
mel-nik [20]3 years ago
7 0
Carrots. For garnishing and presentation purposes, carrots and the brilliant colors of Swiss chard ribs are similar in color, texture and crispiness. On the other hand, if you are looking for a similar taste, celery can be a substitute for the ribs of Swiss Chard. It is mild in flavor and works great as a replacement.


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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

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

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2 years ago
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1. The point at which quantity demanded and quantity supplied are equal: <u>Market Equilibrium </u>

2. The financial and opportunity costs consumers pay in searching for a good or service : <u>Interest Rate </u>

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