A ________ transaction in the interbank market is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates

A) spot
B) forward-forward
C) swap
D) futures

Answer: C

Business

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__________ is a less formal organizational structure that represents loosely coupled networks of workers.

Fill in the blank(s) with the appropriate word(s).

Business

Morgan Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25 per share with a $1.75 dividend. If the company were to issue preferred stock today, the yield would be 6.5 percent. The stock's current value is:

a. $25.00. b. $26.92. c. $37.31.

Business