Dog's can borrow money at either a fixed rate of 8.25 percent or a variable rate set at prime plus .5 percent. cat's can borrow money at a variable rate of prime plus 1 percent or a fixed rate of 8 percent. dog's prefers a fixed rate and cat's prefers a variable rate. given this information, which one of the following statements is correct? a) after a swap with cat's, dog's could end up paying a fixed rate of 7.8 percent. b) cat's should end up paying the prime rate if it agrees to an interest rate swap with dog's. c) both firms will profit if they swap an 8.15 percent fixed rate for a prime plus .75 percent variable rate. d) dog's will end up paying no more than 7.75 percent as a fixed rate after a swap with cat's. e) dog's and cat's cannot swap interest rates in a manner that will be profitable for both firms.

Ticker services began operations in 2015 and maintains long-term investments in available-for-sale securities. the year-end cost and fair values for its portfolio of these investments follow.portfolio of available-for-sale securities cost fair valuedecember 31, 2015 $ 369,060 $ 357,988 december 31, 2016 420,728 445,972 december 31, 2017 572,190 676,901 december 31, 2018 864,007 768,966 prepare journal entries to record each year-end fair value adjustment for these securities.calculation adjustment required to fair value adjustment.12/31/15 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/16 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/17 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/18 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) record the year-end adjusting entry for the securities portfolio as of december 31, 2015.date general journal debit creditdec 31, 2015 record the year-end adjusting entry for the securities portfolio as of december 31, 2016.date general journal debit creditdec 31, 2016 record the year-end adjusting entry for the securities portfolio as of december 31, 2017.date general journal debit creditdec 31, 2017 record the year-end adjusting entry for the securities portfolio as of december 31, 2018.date general journal debit creditdec 31, 2018