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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.Assume that one year after the swap was initiated the fixed rate on a new 3-year receive fixed pay floating LIBOR swap has risen to 9% per year,calculate the market value of the 8% fixed rate bond based on $100 face value.Settlement is on a semiannual basis.
Surgical Asepsis
The elimination of all microorganisms from objects or working areas; also called sterile technique.
Biological Sterilization Indicator
Devices that contain microorganisms of known resistance to a particular sterilization process, used to verify the effectiveness of the process.
Autoclave
A device that uses steam under pressure to sterilize medical instruments, laboratory equipment, and other materials, effectively killing microbes.
Autoclave
A device that uses steam under pressure to sterilize medical or laboratory instruments.
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