Exhibit 23.9 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 53

Multiple Choice

Exhibit 23.9
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
The Skalmory Corporation has entered into a 3-year interest rate swap, with semiannual settlement, to pay a fixed rate of 7.5% per year and receive 6-month LIBOR. The notional principal is $10,000,000.
-Refer to Exhibit 23.9. What is the market value of the swap to the Skalmory Corporation?

• A)-$9,000,000
• B)-$1,804,000
• C)-$87,654
• D)$91,830
• E)$7,620,000

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