Exhibit 23.2 Use the Information Below for the Following Problem(S)

question 8

Multiple Choice

Exhibit 23.2
Use the Information Below for the Following Problem(S)
Darden Industries has decided to borrow $25,000,000.00 for six months in two three-month issues. As the Treasurer, you are concerned that interest rates will rise over the next three months and the rate upon which the second payment will be based will be undesirable. (The amount of Darden's first payment will be known at origination.) To reduce the company's interest rate exposure, you decide to purchase a 3 × 6 FRA whereby you pay the dealer's quoted fixed rate of 4.5% in exchange for receiving 3-month LIBOR at the settlement date. In order to hedge her exposure, the dealer buys LIBOR from McIntire Industries at its bid rate of 4%. (Assume a notional principal of $25,000,000.00 and that there are 60 days between month 3 and month 6.)
-Refer to Exhibit 23.2.Assuming that 3-month LIBOR is 5.00% on the rate determination day,and the contract specified settlement in arrears at month 6,describe the transaction that occurs between the dealer and McIntire.

• A) The dealer is obligated to pay McIntire $62,500.
• B) The dealer is obligated to pay McIntire $57,500.
• C) McIntire is obligated to pay the dealer $62,500.
• D) McIntire is obligated to pay the dealer $57,500.
• E) None of the above

Explain the importance of membrane composition in cellular adaptation to environmental changes.

Understand the role of membranes in cellular processes such as exocytosis and facilitated diffusion.

Describe how cells interact and communicate through their membranes.

Understand the structural and functional characteristics of transmembrane proteins, including the impacts of hydrophilic side chain removal.

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Definitions:

Substitution Effect

Changes in what consumers purchase, brought about by alterations in the relative costs of goods, persuading consumers to opt for alternatives over their usual choices.

Income Effect

The correlation between income changes in an economy or for individuals and their effect on the quantity of goods and services demanded.

Opportunity Cost

The value of the next best alternative that is foregone when a decision is made to choose one option over another.

Leisure Time

Free time in which an individual is not working, is not engaged in compulsory activities, and can choose activities for relaxation, enjoyment, or other personal development.