U.S. Foreign Corrupt Practices Act courseAPA FORMAT PAPEROV

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U.S. Foreign Corrupt Practices Act courseAPA FORMAT PAPEROV SCORE TO BE LESS THAN 24 PLEASEMake sure that you use proper citation and there must be 4or more in ABC’s order referencesAlso, there must have an introduction and conclusion in thepaperLength of paper:  1 –2 pagesNew paper:Axetem’s training program includesvarious training rotations in which executive trainees spend some time invarious departments to receive training that is more specific and gainadditional international market experience.This week, you have been assigned toAxetem’s trading department to gain additional knowledge about variousfinancing and investment tools in international trade. One of thecharacteristics of international markets is that stocks and bonds cannot simplybe traded, but a convenient way to invest is through using American DepositoryReceipts (ADRs). Axetem’s trading department invests some of the company’sexcess cash in ADRs and foreign-denominated debt securities.  As part of your training, you arepresented with the following 2 assignments:Describe the advantages of investing usingAmerican Depository Receipts (ADRs).Help Mike Jones, one of Axetem’s investment managers,with the following calculations: In the London market, EEC Inc.’sstock closed at £0.875 per share on Thursday, April 1, 2005. EEC trades inADRs in the over-the-counter market in the United States. Four underlyingEEC shares are packaged into one ADR. On April 10, 2005, the spot exchange ratefor the British pound sterling to the U.S. dollar was £0.7366 to $1.00.Determine the no-arbitrage U.S. price of 1 ADR.Mike Jones is also interested in a10-year floating-rate note (FRN) with coupons referenced to a 6-month LondonInterbank Offered Rate (LIBOR). The note pays interest on a semiannual basis.Assume that the current 6-month LIBOR is 3%. If the risk premium above LIBORthat the issuer must pay is 1/4 percent, calculate the next period’s couponrate on a £1,000 face-value FRN.Explain calculations also in detailsThanks