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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.Assume that one year later the fixed rate on a new 2-year receive fixed pay floating LIBOR swap has fallen to 7% per year.Settlement is on a semiannual basis.Calculate the market value of the FRN based on $100 face value.
True Ribs
The first seven pairs of ribs, which are directly attached to the sternum via costal cartilages.
Vertebral Curves
The natural curvatures in the spine that help absorb shock and maintain balance in the human body.
Flexibility
The ability to move joints through their full range of motion; important in fitness, wellness, and preventing injuries.
Balance
The ability to maintain the body's center of mass over its base of support, a key component of motor coordination.
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