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Essay's paper info
Topic: Business
Number of pages / Number of words: 7 / 1776
Essay's paper body

The increase in

interest expense from 1993 to 1994 was primarily due to higher average interest

rates on borrowings, partially offset by higher interest capitalization.

The Company utilizes investments and corresponding interest rate swaps to

preserve principal while enhancing the yield on its investment portfolio without

significantly increasing risk, and uses forward contracts, options and swaps to

hedge currency, market and interest rate exposures...


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The increase in

interest expense from 1993 to 1994 was primarily due to higher average interest

rates on borrowings, partially offset by higher interest capitalization.

The Company utilizes investments and corresponding interest rate swaps to

preserve principal while enhancing the yield on its investment portfolio without

significantly increasing risk, and uses forward contracts, options and swaps to

hedge currency, market and interest rate exposures...


Essay fragment

General points of the essay

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