A U.S. bank enters into a plain vanilla currency swap with a notional principal of US$100m (£67m). At each settlement date, the U.S. bank pays a fixed rate of 8% on the pounds received, and an English bank pays a variable rate equal to London Interbank Offered Rate (LIBOR) on the U.S. dollars received. Given the following information, calculate the payments that each bank will have to give to the other bank at the end of the swap (year 3)?   

The duration is independent of the coupon rate only for which one of the following?

True or False: During the energy investment phase of glycolysis, the cell uses 2 ATP.

Photosystems are important complexes that participate in the light reactions of photosynthesis. Where are they located in a plant cell? 

During glycolysis, one molecule of glucose is broken down into two molecules of _________________.

What is the name of the starting material that must be regenerated in the Calvin Cycle?

Short Answer Section (2 points each): Five questions are listed below. For full credit, you must answer three of the questions. If you choose to answer more than three, you will be given bonus points for each correct answer. What is the chemical reaction for cellular respiration? Briefly describe the structure of a photosystem. What is the chemical reaction for photosynthesis? Briefly describe the process of chemical cycling throughout an ecosystem. What are the three main steps of cellular respiration? Which step (if any) uses oxygen?

True or False: The two phases of glycolysis are the energy investment phase and the energy payoff phase.

What are the electron carriers used in cellular respiration?

True or False: NAD+/NADH is the primary electron carrier in photosynthesis.