Exhibit 11.5 compares the spread between the prime borrowing rate and dollar LIBOR. Go to the Bloomberg website www.bloomberg.com/markets/rates.index.html to see the current spread and the spread for one month to one year prior.
In this chapter, we noted that universal banks provide a host of services to corporate clients. Bank of America, one of the world’s largest banks, is an example of a universal bank. Go to its website www.corp.bankofamerica.com to view the global services they provide.
Go to the Brady Net, Inc. website at www.bradynet.com. Click on the “Ratings” link and then click on “General Ratings and History.” Compare and contrast the credit ratings assigned various countries by the rating services.
