A Swap Is

question 96

Multiple Choice

A swap is

• A)another name for a put option.
• B)another name for a call option.
• C)an agreement between two or more persons to exchange sets of cash flows over some future period.
• D)the name for the replacement of a futures contract by an options contract.

Understand the importance of job satisfaction and how it correlates with interests, values, and training.

Recognize the contributions of key theorists in the field of career assessment.

Describe the role of career classification systems in career planning and development.

Understand the concept of career maturity and its measurement.

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Definitions:

Par Value

The face value of a bond or the stock value stated in the corporate charter, which may differ from the market value.

Stock Split

A corporate action where a company divides its existing shares into multiple new shares to boost the liquidity of the shares, though the overall value of the company remains unchanged.

Market Value

The existing rate at which an asset or service is being offered for buying or selling in the marketplace.

Debt-Equity Ratio

A measure of a company's financial leverage, calculated by dividing its total liabilities by shareholder equity.