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NEW QUESTION: 1
JonesCorp just entered into a plain vanilla interest rate swap as the fixed-rate receiver. The swap has a tenor of four years and makes payments quarterly on a netted basis. At the time the swap was initiated the LIBOR term structure was flat causing LIBOR to be equal to the swap fixed rate. Under which of the following circumstances would JonesCorp be required to make a future net payment to the swap counterparty?
A. The LIBOR term structure becomes downward sloping.
B. The LIBOR term structure becomes upward sloping.
C. The LIBOR term structure remains flat but shifts down.
Answer: B
NEW QUESTION: 2
Ann, a technician, is taking apart a laptop to replace some components. Which of the following will allow Ann to put the laptop back together properly and in a timely fashion?
A. Label screws and their location
B. Ask a fellow technician to help
C. Have an identical laptop on hand to compare
D. Use a magnetic screwdriver
Answer: A
NEW QUESTION: 3
A. Option A
B. Option D
C. Option C
D. Option B
Answer: B,C,D
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