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NEW QUESTION: 1
You are paying 5% per annum paid semi-annually and receiving 6-month LIBOR on a USD 10,000,000.00 interest rate swap with exactly two years to maturity. 6-month LIBOR for the next payment date is fixed today at 4.95%. You expect 6-month LIBOR in 6 months to fix at 5.25%, in 12 months at 5.35% and in 18 months at 5.40%. What do you expect the net settlement amounts to be over the next 2 years? Assume 30-day months.
A. Pay 2,500.00, receive 12,500.00, receive 17,500.00, receive 20,000.00
B. Receive 2,500.00, pay 12,500.00, pay 17,500.00, pay 20,000.00
C. Pay 250.00, receive 1,250.00, receive 1,750.00, receive 2,000.00
D. Receive 250.00, pay 1,250.00, pay 1,750.00, pay 2,000.00
Answer: A
NEW QUESTION: 2
System tailoring is accomplished by setting optional system parameters and, therefore, has an impact on system performance and security. Control techniques for system's software include:
A. Using the security features of security software effectively
B. Verifying the accuracy of output through manual or automated reconciliation activities
C. Controlling procurement and maintainace of software licenses
D. Setting appropriate system parameters and security options for operating system
Answer: A,C,D
NEW QUESTION: 3
A. 0
B. 1
C. 2
D. 3
Answer: C
NEW QUESTION: 4
While working as an accountant, you are asked to overlook certain irregularities in your company's accounts. This is likely to result in tensions described by which TWO of the following four options:
A. Professional and societal values
B. Personal and societal values
C. Professional and corporate values
D. Personal and corporate values
Answer: C,D