Exhibit 23.2 Use the Information Below for the Following Problem(S)

question 14

Multiple Choice

Exhibit 23.2
Use the Information Below for the Following Problem(S)
Darden Industries has decided to borrow $25,000,000.00 for six months in two three-month issues. As the Treasurer, you are concerned that interest rates will rise over the next three months and the rate upon which the second payment will be based will be undesirable. (The amount of Darden's first payment will be known at origination.) To reduce the company's interest rate exposure, you decide to purchase a 3 × 6 FRA whereby you pay the dealer's quoted fixed rate of 4.5% in exchange for receiving 3-month LIBOR at the settlement date. In order to hedge her exposure, the dealer buys LIBOR from McIntire Industries at its bid rate of 4%. (Assume a notional principal of $25,000,000.00 and that there are 60 days between month 3 and month 6.)
-Refer to Exhibit 23.2.Assuming that 3-month LIBOR is 5.00% on the rate determination day,and the contract specified settlement in arrears at month 6,describe the transaction that occurs between the dealer and Darden.

• A) The dealer is obligated to pay Darden $19,500
• B) The dealer is obligated to pay Darden $31,250
• C) Darden is obligated to pay the dealer $19,500
• D) Darden is obligated to pay the dealer $31,250
• E) None of the above

Comprehend the role of skeletal components (bones and cartilage) in support and movement.

Understand the adaptive changes in skeletal muscle in response to training.

Grasp the structural and functional differences between skeletal support systems (hydrostatic skeletons, exoskeletons, endoskeletons).

Understand the basic functional anatomy of an earthworm's musculature.

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Definitions:

Model Business Corporation Act

A model set of laws proposed to standardize the regulation of corporate business practices across the United States.

Articles of Incorporation

Official documents filed with a governmental body to legally form a corporation, outlining its structure, purpose, and operations.

Secretary of State

A high-ranking government official typically responsible for the foreign affairs of a country, or in some cases, domestic administrative duties within state governments in the United States.

Preincorporation Contract

An agreement made by individuals before the formation of a corporation, which the corporation may later adopt or ratify.