Exhibit 23.3 Use the Information Below for the Following Problem(S)

question 37

Multiple Choice

Exhibit 23.3
Use the Information Below for the Following Problem(S)
Chimichango Industries has decided to borrow $50,000,000.00 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 Chimichango'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 5.91% in exchange for receiving 3-month LIBOR at the settlement date. In order to hedge her exposure, the dealer buys LIBOR from Megabuks Industries at its bid rate of 5.85%. (Assume a notional principal of $50,000,000.00 and that there are 60 days between month 3 and month 6.)
-Refer to Exhibit 23.3.Assuming that 3-month LIBOR is 5.6% on the rate determination day,and the contract specified settlement in arrears at month 6,describe the transaction that occurs between the dealer and Megabuks.

• A) The dealer is obligated to pay Megabuks $38,750.
• B) The dealer is obligated to pay Megabuks $31,250.
• C) Megabuks is obligated to pay the dealer $38,750.
• D) Megabuks is obligated to pay the dealer $31,250.
• E) None of the above.

Analyze the effectiveness of the jigsaw classroom in reducing prejudice and promoting cooperation.

Explain the significance of superordinate goals in reducing intergroup conflict as demonstrated by the Robber's Cave Study.

Identify the stages of intergroup contact and the conditions that facilitate positive intergroup relations.

Discuss the role of perspective-taking and optimal contact in reducing prejudice.

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Definitions:

Incentive Based Compensation

A form of payment designed to reward employees for achieving specific performance targets or objectives.

Performance Measures

Metrics or indicators used to evaluate and track the efficiency, effectiveness, and productivity of an organization, employee, or process.

Rewarding Outcomes

Benefits or positive results achieved from specific actions or decisions, often used to motivate behavior or assess the success of projects.

Incentive Contract

An agreement designed to motivate performance by aligning the interests of parties, typically involving rewards for achieving specified objectives.