Exhibit 23.7 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 15

Multiple Choice

Exhibit 23.7
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
The WallMal Company has entered into a 4-year interest rate swap, with semiannual settlement, to pay a fixed rate of 8% per year and receive 6-month LIBOR. The notional principal is $50,000,000.
-Refer to Exhibit 23.7. Indicate the market value of the swap to the WallMal Company.

• A)$3,525,120
• B)-$3,500,000
• C)$1,332,150
• D)-$1,332,150
• E)$1,026,600

---

Definitions:

Process Approach

A method in various disciplines that emphasizes the importance of procedures, stages, or steps in accomplishing a goal or solving a problem.

Entrepreneurship

The process of designing, launching, and running a new business, typically starting as a small business, such as a startup.

Social Enterprise

organizations that operate commercially to address social problems, combining business practices with social objectives.

Philanthropic

Pertaining to the act of giving money, time, or effort to support a cause or mission that benefits society, often without financial or material return to the giver.