Can somebody help me with these along with explanation: Consider a 1-year quarterly-pay $1,000,000 equity swap based on 90-day London Interbank Offered Rate (LIBOR) and an index return. Current LIBOR is 3.0 percent and the index is at 840. Below are the index level and LIBOR at each of the four settlement dates on the swap. Q1 Q2 Q3 Q4 LIBOR 3.2% 3.0% 3.4% 3.9% Index 881 850 892.5 900 At the final settlement date, the equity-return payer will: A) receive $97. B) pay $97. C) pay $16,903. D) receive $16,903. For two European call options that differ only in time to expiration, the strongest statement we can make is that: A) the longer-term option must be worth at least as much as the shorter-term option. B) the longer-term option must be worth more than the shorter-term option. C) the longer-term option must be worth less than the shorter-term option. D) no relation can be established between the values of the two calls prior to expiration of the first.