Exhibit 19 -Refer to Exhibit 19

question 20

Multiple Choice

Exhibit 19.2
Use the Information Below for the Following Problem(S)
The following information is given concerning a substitution swap. You currently hold a 15 year, 7 percent coupon bond priced to yield 8 percent. As a swap candidate you are considering a 15 year, 7 percent coupon bond priced to yield 8.5 percent. Assume a reinvestment rate of 8.5 percent, semiannual compounding, and a one-year workout period.
$$\begin{array} { l c c } & \text { Current Bond } & \text { Candidate Bond } \\\hline \text { Dollar Investment } & \$ 913.54 & ? \\\text { Caupan } & 70.00 & 70.00 \\\text { i an One Coupon } & 1.487 & 1.487 \\\text { Principal Value at Year End } & 916.68 & 878.55 \\\text { Total Accrued } & 988.17 & 950.04 \\\text { Total Gain } & 74.63 & ? \\\text { Gain per Invested Dollar } & ? & ? \\\text { Realized Compound Yield } & ? & ?\end{array}$$
-Refer to Exhibit 19.2.The dollar investment in the candidate bond is

• A) $812.57
• B) $803.22
• C) $874.16
• D) $746.83
• E) $700.01

Understand the role and impact of imports and exports on national accounts.

Differentiate between financial account surpluses and deficits.

Recognize the factors that directly alter a nation's balance of trade.

Identify the elements included in the current account of a nation's balance of payments.

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Definitions:

Abused Children

Young individuals who have experienced physical, emotional, or sexual harm typically by a caregiver or guardian.

Severe Problems

Issues or challenges that are intensely difficult or serious and require immediate attention or resolution.

Continual Problems

Issues or challenges that persist over time without being fully resolved.

Female Genital Mutilation

A procedure that entails either the complete or partial excision of the external parts of the female genitals or any harm to the female genital organs without medical justification.