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Use for the next one question. Florida Commercial Bank (FCB) has assets of $600 million, liabilities of $525 million, and equity of $75 million. The average duration of its asset portfolio is 10 years and that for the portfolio of liabilities is 6 years. Market interest rates are 8%. FCB wishes to hedge its balance sheet with Treasury bond options. The options contract are based on the same Treasury bonds used in the futures above and are currently quoted at 97-13 and have $100,000 face value. The benchmark long-term bond underlying the futures and options contract has a 7% coupon rate, a market yield of 7.25%, and a duration of 10.93 years. The call option delta is 0.47 and the put option delta is -0.43.   What would be the profit/ on the bank’s entire options position if interest rates increased by 1 percentage point?

Use for the next five questions. Florida Commercial Bank (FCB) has assets of $600 million, liabilities of $525 million, and equity of $75 million. The average duration of its asset portfolio is 10 years and that for the portfolio of liabilities is 6 years. Market interest rates are 8%. FCB wishes to hedge its balance sheet with Treasury bond futures contracts. The futures contracts are currently quoted at 97-13 and have $100,000 face value. The benchmark long-term bond underlying the futures contract has a 7% coupon rate, a market yield of 7.25%, and a duration of 10.93 years. How many futures contracts would FCB need to hedge?  

Will a channel begin to form if a negative voltage was applied to the gate in this P-channel enhancement MOSFET? Hint: look at the green electrons in the picture below.

Is the following true or false for a comparator?

In a field study, Harris (1974) had a confederate cut in front of customers who were waiting to purchase tickets to a movie or pay for groceries at a supermarket. Customers who were ___ in line reacted more aggressively.

Pennebaker and Beale (1986; Pennebaker 1997) had college students write about a traumatic or a trivial event that they had experienced. Students wrote for 15 min on four consecutive nights. A positive impact on mental and physical health of writing about traumatic events emerged ____.

Analyze the following code.public class Test {  public static void main(String[] args) {    System.out.println(max(1, 2));  }  public static double max(int num1, double num2) {    System.out.println(“max(int, double) is invoked”);    if (num1 > num2)      return num1;    else      return num2;  }    public static double max(double num1, int num2) {    System.out.println(“max(double, int) is invoked”);    if (num1 > num2)      return num1;    else      return num2;  }}

Match the acronyms with their meaning  

According to Eaton and Struthers (2006), to maximize the likelihood that an apology will be effective, individuals should ___.

If the emitter resistor value went down in a common emitter amplifier, what two things would happen? Mark 2