A swap is initiated between Microsoft and Intel in which Microsoft receives a 6-month LIBOR and pays a fixed rate for every 6 months for 1 year on a notional principal of $100 million. Assuming that 6-month, 12-month, 18-month spot rates (zero rates) are 4.3%, 4.7%, 4.9% with continuous compounding, respectively, the swap rate under this swap should be closest to

Select one:

a. 4.95%

b. 4.55%

c. 4.35%

d. 4.75%

The two-month interest rates with continuous compounding in Australia and the United States are 4.2% and 3.5% per annum, respectively. The spot exchange rate is currently priced at USD 0.780 per AUD. Given the two-month forward contract on the Australian dollars in the market is currently priced at USD 0.782 per AUD, which transactions should an investor take today in order to take advantages of this arbitrage opportunity?

Select one:

a. The forward is underpriced; the investor should buy the forward contract, borrow USD and lend AUD

b. The forward is underpriced; the investor should buy the forward contract, borrow AUD, and lend USD

c. The forward is overpriced; the investor should sell the forward contract, borrow AUD and lend USD

d. The forward is overpriced; the investor should sell the forward contract, borrow USD and lend AUD

Hepatitis C is a chronic liver infection that can be either silent (with no noticeable symptoms) or debilitating. Either way, 80% of infected persons experience continuing liver destruction. Chronic hepatitis C infection is the leading cause of liver transplants in the United States. The virus that causes it is blood borne, and therefore patients who undergo frequent procedures involving transfer of blood are particularly susceptible to infection. Kidney dialysis patients belong to this group. In 2008, a for-profit hemodialysis facility in New York was shut down after nine of its patients were confirmed as having become infected with hepatitis C while undergoing hemodialysis treatments there between 2001 and 2008.

When the investigation was conducted in 2008, investigators found that 20 of the facility’s 162 patients had been documented with hepatitis C infection at the time they began their association with the clinic. All the current patients were then offered hepatitis C testing, to determine how many had acquired hepatitis C during the time they were receiving treatment at the clinic. They were considered positive if enzyme-linked immunosorbent assay (ELISA) tests showed the presence of antibodies to the hepatitis C virus.

Health officials did not test the workers at the hemodialysis facility for hepatitis C because they did not view them as likely sources of the nine new infections. Why not?

Why do you think patients were tested for antibody to the virus instead of for the presence of the virus itself

3a.

The supply curve of dollars in the foreign exchange market reflects the activities of American _________ and ________ investors.

-importers; Mexican

-importers; American

-exporters; Mexican

-exporters; American

b.

A nation whose interest rate is rising relatively fast will see its securities become ________ attractive to foreigners. Its currency will __________.

-more; depreciate

-more; appreciate

-less; depreciate

-less; appreciate

c.

The curve representing the demand for dollars in the foreign exchange market is downward sloping because, when the price of a dollar (the exchange rate) decreases, _________ because they have become relatively ____________.

-Americans demand more foreign goods; less expensive

-foreigners demand fewer American goods; more expensive

-Americans demand fewer foreign goods; more expensive

-foreigners demand more American goods; less expensive

d.

The Japanese yen depreciates relative to the US dollar. What should we expect?

-A decrease in the number of U.S. tourists visiting Japan

-An increase in the Japanese demand for U.S. goods

-An increase in the U.S. demand for Japanese goods

-An increase in the number of Japanese tourists visiting the United States

e.

A situation in which goods cost the same in one country as in another when prices are compared using the market exchange rate is referred to as ___________.

-cost equivalence

-a currency union

-exchange rate neutrality

-purchasing power parity

The Chief Executive Officer (CEO) is a top corporate manager whose primary job is to lead the day-to-day running of the corporation and whose primary goal is to maximize shareholder value. To incentivize CEOs, many large corporations have been compensating CEOs with various forms of pay-for-performance in addition to a fixed annual salary. According to some estimates, over the last two decades CEO compensation in the United States has on average increased by 600%, with a disproportionate increase in equity-based compensation (e.g. stock options). These increases in executive compensation, particularly stock options, have generated enormous controversy. The recent high-profile corporate scandals and financial market tsunami have led some observers to argue that the excessive focus on shareholder value maximization in general, and inadequately designed executive compensation in particular, have led to managerial gross misbehavior as well as short-termism. Some argue that rapid increases in executive compensation represent unmerited transfers of shareholder wealth to top executives with limited if any incentive effects, and at times have led to outright frauds. The problem is exacerbated when the CEO is also the chairman of the board of directors. The adverse effects of excessive CEO compensation are particularly severe in countries where institutional checks such as shareholder protection and shareholder activism are weak.

Required：

1. Discuss what the relative strengths and weakness of the corporate governance system are.

The table contains real data for the first two decades of AIDS reporting.

1.) Graph “year” versus “# AIDS cases diagnosed” (plot the scatter plot). Do not include pre-1981 data. In excel using formula's

2.) Find the regression equation, Interpret slope, Find r. and Describe linear correlation.

3.) When x = 1985, ŷ = _____

When x = 1990, ŷ =_____

When x = 1970, ŷ =______ Why doesn’t this answer make sense?

4.)  What does the correlation imply about the relationship between time (years) and the number of diagnosed AIDS cases reported in the U.S.?

Suppose that the Treasury bill rate is 5% rather than 2%. Assume the expected return on the market stays at 9%. Use the following information. Stock Beta (β) United States Steel 3.10 Amazon 1.36 Southwest Airlines 1.24 The Travelers Companies 1.17 Tesla 0.99 ExxonMobil 0.93 Johnson & Johnson 0.92 Coca-Cola 0.59 Consolidated Edison 0.16 Newmont 0.10 Calculate the expected return from Johnson & Johnson. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Find the highest expected return that is offered by one of these stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Find the lowest expected return that is offered by one of these stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Would U.S. Steel offer a higher or lower expected return if the interest rate were 5% rather than 2%? Assume that the expected market return stays at 9%. Would Coca-Cola offer a higher or lower expected return if the interest rate were 8%? a. Expected return % b. Highest Expected return % c. Lowest expected return % d. Would U.S. Steel offer a higher or lower expected return? e. Would Coca-Cola offer a higher or lower expected return?

Homestake Mining Company is a 120-year-old international gold mining company with substantial gold mining operations and exploration in the United States, Canada, and Australia. At year-end, Homestake reported the following items related to income taxes (thousands of dollars).

Instructions

(a)  

What is the significance of Homestake's disclosure of “Current taxes” of $26,349 and “Deferred taxes” of $(39,436)?

(b)  

Explain the concept behind Homestake's disclosure of gross deferred tax liabilities (future taxable amounts) and gross deferred tax assets (future deductible amounts).

(c)  

Homestake reported tax loss carryforwards of $71,151 and tax credit carryforwards of $12,007. How do the carryback and carryforward provisions affect the reporting of deferred tax assets and deferred tax liabilities?

1. Consider the following predicates:

HUMAN(x) – x is a human being

AFRICANAMERICAN(x) – x is an African-American

STUDENT(x) – x is a UMW student

LIKES(p,h) – person p likes hobby h

COURSE(c) - c is a UMW course

REQUIRED(c,s) – c is a required course for student s

NFLTEAM(x) – x is an NFL team

SUPERBOWL(a, n, y) – teams a and n played in the Superbowl in year y

SUPERBOWLWIN(a, y) – team a won the Superbowl in year y

WEARING(p,i) – person p is wearing item i

HIDING(p, f) – person p is concealing fact f from the population at large

DAYFEELSLIKE(d, t) – on day d, I feel like doing activity t

PRESIDENT(x) – x is, or was, President of the United States

Write expressions in predicate logic for each of the following sentences using only the predicates listed above.

1. “There is a course at UMW that every student must take.”
2. “Not every NFL team has made it to the Superbowl.”
3. “Some people like skateboarding and knitting.”
4. “If you wear sunglasses, you’re hiding something.”
5. “Some days, I feel like singing – and on those days, I never feel like crying.”
6. “Barack Obama is the only African-American president in U.S. history.”
7. “There has never been an NFL team that has won the Superbowl 4 years in a row

In this chapter, we are learning about non-communicable diseases (non-infectious), screening related to cost-effectiveness and efficacy, and the associated burden. Questions to ponder are what makes a screening program efficacious? What part does the physician and/or patient play in early detection? What is the cost of pre-testing and has the screening had an effective on health outcomes? Please select two questions below.

Discuss the burden of non-communicable diseases on mortality and morbidity in the United States.

Discuss the ideal criteria for a screening program and explain why.

Discuss why two or more tests are nearly always required to screen for asymptomatic disease. Give an example of a disease/condition and provide the two types of tests.

Discuss the multiple risk factor intervention approach to control a non-communicable disease. Provide an example.

Discuss the meaning of “cost-effectiveness” and provide an example of a screening protocol that exemplifies cost effectiveness and why.

Discuss several ways that genetic interventions can affect the burden of non-communicable diseases. Provide an example in your discussion.

Discuss ways that population interventions can be combined with individual interventions to more effectively reduce the burden of non-communicable diseases and provide an example.

Provide a response to the two selected questions based on your readings. Your response must be atminimum one paragraph (five sentences per paragraph) in APA format (in text citations and bibliography)

According to Nielsen Media Research, the average number of hours of TV viewing per household per week in the United States is 50.4 hours.
1 (a) Suppose the population standard deviation is 11.8 hours and a random sample of 42 U.S. household is taken, what is the probability that the sample mean TV viewing time is between 47.5 and 52 hours?
1 (b) Suppose the population mean and sample size is still 50.4 hours and 42, respectively, but the population standard deviation is unknown. If 72% of all sample means are greater than 49 hours, what is the value of the unknown population standard deviation?
1(c) What is the result of part (a) if the sample only consists of 5 households? Explain.


The average age of online consumers ten years ago was 23.3 years. As older individuals gain confidence with the Internet, it is believed that the average age has increased. We would like to test this belief.
2(a) Write the appropriate hypotheses to be tested.
2(b) The online shoppers in our sample consisted of 40 individuals, had an average age of 24.2 years, with a standard deviation of 5.3 years. What is the test statistic and p‐value for the hypotheses being tested in part (a)? (Remark: Report the p‐value using the statistical table, but NOT Excel function.) 2 (c) What is the practical implication of the conclusion of the hypothesis test at i. 5% level of significance, and ii. 10% level of significance?