Tor F 12) Takeover or firm restructuring after poor firm performance is more likely under the Stakeholder Capitalism Model than under the Shareholder Wealth Maximization. Tor F 13) The London Inter-Bank Offer Rate (LIBOR) represents the rate at which London banks are willing to lend to other London banks. Tor F 14) World foreign exchange markets daily trading volume is measured in millions of dollars. Tor F15) Five top major currencies represent about only 25% of foreign exchange. T or F 16) Foreign currency futures or forward contracts involve the future exchange of agreed amounts of currency on a specific later date. T or F 17) Selling pounds forward locks in the price at which you will receive pounds in exchange for another currency Tor F18) Out-of-the-money options have underlying spot rates equal to the exercise price. Tor F 19) A swap contract can allow a firm to modify existing asset or liability cash-flows from one currency to another currency and from variable to fixed (or vice versa). Tor F 20) A series of options negotiated together rather than individually is a swap contract