USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 6

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
The Skalmory Corporation has entered into a three-year interest rate swap, with semiannual settlement, to pay a fixed rate of 7.5 percent per year and receive six-month LIBOR. The notional principal is $10,000,000.
-Refer to Exhibit 15.17. Assume that one year later the fixed rate on a new two-year receive fixed pay floating LIBOR swap has fallen to 7 percent per year. Settlement is on a semiannual basis. Calculate the market value of the FRN based on $100 face value.

• A) $101.33
• B) $100.58
• C) $100.00
• D) $98.67
• E) $95.83

Discuss criticisms of just deserts theory.

Explain the role of censure in punishment theories.

Know the functionalist perspective on punishment and society.

Understand the historical context and contemporary mechanisms of racial discrimination in housing.

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Definitions:

Appendicular Skeleton

A section of the skeletal framework consisting of bones in the arms and legs, alongside the shoulder and pelvic bones that connect them to the central core of the skeleton.

Eye Orbit

The bony cavity in the skull that houses and protects the eye and its associated structures.

Lacrimal Bone

Small, thin bones located at the front part of the inner wall of the eye socket, forming part of the orbit.

Paranasal Sinuses

Air-filled spaces located around the nasal cavity that contribute to voice resonance and mucus production.