USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 37

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
The WallMal Company has entered into a four-year interest rate swap, with semiannual settlement, to pay a fixed rate of 8 percent per year and receive six-month LIBOR. The notional principal is $50,000,000.
-Refer to Exhibit 15.19. Indicate the market value of the swap to the WallMal Company.

• A) $3,525,120
• B) -$3,500,000
• C) $1,332,150
• D) -$1,332,150
• E) $1,026,600

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Definitions:

Actin

A globular structural protein that forms microfilaments, part of a cell's cytoskeleton, and is involved in various types of cell movement and muscle contraction.

Myosin

A protein that, along with actin, plays a key role in muscle contraction by pulling actin filaments.

Lysosome

A membrane-bound cell organelle that contains digestive enzymes to break down waste materials and cellular debris.

Golgi Apparatus

A cell organelle involved in the modification, sorting, and packaging of proteins for secretion or for use within the cell.