個案資料
了解個案內容與學習目標，選擇授課教師及使用課程。
Markborough Properties Inc.
內容大綱
The executive vice-president of Markborough Properties Inc. was preparing for an upcoming Board of Directors meeting. On the agenda was the proposed use of interest rate hedging to minimize the company's interest rate exposure. Among the alternatives were interest rate swaps and caps. Was it an appropriate time for Markborough to hedge its floating rate debt? If so, how and using what vehicle?
學習目標
<ul><li>To introduce students to the use of interest rate swaps, interest rate caps and LIBOR contracts. Students are required to calculate the cost, and consider the limitations, of each alternative.</li><ul>To familiarize students with the real estate development industry and the financing risks associated with land and income property operations. A proposal for interest rate hedging must be made with consideration for these financing risks.</li></ul>