When distributors do not have authorization from manufacturers but divert products from low-price markets and sell them in high-price markets, they are practicing . a) gray market distribution b) price fixing c) dumping d) compensation trading e) offset pricing

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?