No Errors Printing has entered into a "plain-vanilla" interest rate swap on $1000000 notional principal. No Errors receives a fixed rate of 5.5 percent on payments that occur at quarterly intervals. Platteville Investments, a swap broker, negotiates with another firm, Perfect Bid, to take the pay-fixed side of the swap. The floating rate payment is based on LIBOR (currently at 6.0 percent). Because of the current interest rate environment, No Errors expects to pay a net amount at the next settlement date and has created a reserve to cover the cash outlay. At the time of the next payment ( due in exactly one quarter), the reserve balance is $1000. To fulfill its obligations under the swap, No Errors will need approximately how much additional cash
A．
| A. $250. |
B．
| B. $0. |
C．
| C. $667. |
参考答案：A
解析：
The net payment formula for the floating rate payer is:
Floating Rate Paymentt = ( LIBORt-1 - Swap Fixed Rate ) × ( days in term/360 ) × Notional Principal.
If the result is positive, the floating-rate payer owes a net payment and if the result is negative, then the floating-rate payer receives a net inflow. Note: We are assuming a 360 day year. Here, Floating Rate Payment = (0.06 -0.055) × (90/360) × 1000000 = $1250. Since the result is positive, No Errors will pay this amount. Since the reserve balance is $1000, No Errors needs an additional $250.
=400mm，
=150mm，
=90000mm。混凝土强度等级为C30（f=14.3N／mm，f=1.43N／mm），纵向钢筋采用HRB400级、箍筋采用HPB300钢筋。受扭纵筋与箍筋的配筋强度比值ζ=1.2。结构安全等级二级，取a=35mm。