Browning Enterprises currently has all fixed-rate debt. The firm would like to convert part of this to floating-rate debt

Which of the following are futures exchanges? I. New York Mercantile Exchange II. New York Stock Exchange III. Chicago Board of Trade IV. NASDAQ    A.  I and II only B.  II and III only C.  II and IV only D.  I and III only E.  II, III, and IV only Refer to section 23.4

26.	Given the following information, what is the price per troy ounce that will be used for today's marking-to-market for the December silver contract? Silver - 5,000 troy oz.: dollars and cents per troy oz.        A.  $9.53 B.  $9.60 C.  $10.185 D.  $10.190 E.  $10.220 Refer to section 23.4

27.	What was the highest price per troy ounce for the December silver futures contract today? Silver - 5,000 troy oz.: dollars and cents per troy oz.        A.  $10.185 B.  $10.225 C.  $10.250 D.  $10.814 E.  $10.830 Refer to section 23.4

28.

Browning Enterprises currently has all fixed-rate debt. The firm would like to convert part of this to floating-rate debt. Which one of the following will accomplish this for the firm?    A.  option on floating-rate bonds B.  forward contract on U.S. Treasury bills C.  interest rate swap D.  currency swap E.  interest rate call option Refer to section 23.5

29.	Which one of the following is the primary difference between a swap contract and a forward contract?    A.  underlying asset B.  number of exchanges C.  daily marking to the market D.  option versus obligation E.  time of payment Refer to section 23.5