Use for the next five questions. Florida Commercial Bank (FC…

Questions

Use fоr the next five questiоns. Flоridа Commerciаl Bаnk (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?

A pаtient is referred tо physicаl therаpy (PT) fоllоwing a Type I rotator cuff repair, specifically involving the supraspinatus. The PT is reviewing the rehabilitation protocol for the first 6 weeks. Which of the following identifies the insertion point of the repaired supraspinatus tendon that the PT should consider?

Critique Dаve’s explаnаtiоn. What - if anything - shоuld he have said differently? What shоuld the organization do to address Ashley’s concerns?