Exhibit 23.7 Use the Information Below for the Following Problem(S)

question 76

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) $5,786,345
• B) -$3,575,987
• C) $1,289,450
• D) -$1,514,900
• E) $1,250,075

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Definitions:

Wholesaler

A person or company that sells goods in large quantities at low prices to retailers, rather than selling them directly to consumers.

Intermediaries

Entities that facilitate transactions or interactions between two or more parties in a supply chain, often involved in the distribution, wholesaling, and retailing of goods.

Retailers

Businesses or individuals that sell goods directly to consumers, acting as the final link in the supply chain from manufacturers to consumers.

Retailer

A business that sells products directly to consumers, offering products from one or several suppliers for sale to the end-user.