Explain the "wedding band" in P&G's 1994 German mark interest rate swap
What will be an ideal response?
Starting on 16 January 1995 (the second year of the swap), P&G's terms changed so the spread paid by P&G to BT went from 133 basis points to a premium that depended on whether the 4-year, German mark swap rate was below 4.05% or above 6.10% at any point during the previous year. The "wedding band" was the range within which the DM swap rate could vary without changing P&G's premium.
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Cellant Solar Energy, Inc. is a company that produces solar panels for domestic use. It has 800 permanent employees working in different departments. Suppose Cellant gets involved in a case of intentional employee discrimination, what will be the maximum punitive damage that it will have to pay under the Civil Rights Act of 1991?
A. $50,000 B. $100,000 C. $200,000 D. $250,000 E. $300,000
A strategy can be defined as ______.
A. a day-to-day blueprint for an organization B. a summary of a firm's competition that helps it position itself in the marketplace C. an outline of a firm's competitive advantage