Today, November 6, you agreed to pay a luxury villa in Jamai…
Today, November 6, you agreed to pay a luxury villa in Jamaica J$5 million (Jamaican dollars) on February 6 for your honeymoon. The Jamaican dollar has been appreciating significantly in recent months as the Jamaican central bank has been aggressively raising its interest rate and the economy is growing fast. You negotiated a non-deliverable forward (NDF) contract with a US bank to buy the J$5 million. The Jamaican dollar is a non-convertible currency and there is no other way to hedge the currency risk. The current Jamaican dollar spot rate is US$0.0067/J$. The reference rate at which the hedge will be settled is the closing exchange rate quoted by Jamaica’s central bank on July 1. If the rate quoted by Jamaica’s central bank on July 1 is $0.0074/J$, you will ______________.
Read DetailsYou purchase a $255,000 house and you pay 20 percent down. Y…
You purchase a $255,000 house and you pay 20 percent down. You obtain a fixed-rate mortgage where the annual interest rate is 5.85 percent and there are 360 monthly payments. What is the principal you paid in the first mortgage payment?
Read DetailsSpecific phobia criteria requires fear or anxiety out of pro…
Specific phobia criteria requires fear or anxiety out of proportion to the actual danger posed by the specific object or situation and to the sociocultural context. Based on this criterion, a specific phobia could be diagnosed in an older adult who
Read DetailsA patient has been hospitalized due to cardiomyopathy. Durin…
A patient has been hospitalized due to cardiomyopathy. During his stay, he had several unexpected panic attacks with sudden onset that lasted approximately 20 minutes each. He told the consulting PMHNP that he has “always had some anxiety, but these are new.” The PMHNP’s initial diagnostic impression is most likely
Read DetailsWhen called on at school, a 6-year-old girl will only nod or…
When called on at school, a 6-year-old girl will only nod or write a response. Her parents are surprised to hear this during the parent-teacher conference because she speaks normally at home. She has met all developmental milestones and has no medical concerns. The girl is unable to explain the reason for this and the parents are worried it will affect her academic performance. What is the most likely diagnosis?
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