1. Please explain the differences in insurance companies, depository institutions and securities firms. How are each regulated? What risks are inherent in each FI? Compare and contrast these FIs.
2. What amount can you borrow if you make six quarterly payments of $5,500 at a 12% annual rate of interest?
3. Based on the parity of forward rates, what is the cost of financing in Swiss francs, in pounds sterling, in US dollars?