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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2024-02-20 compared with 2023-02-21 · 1 added, 1 removed, 22 unchanged (8% of the section changed)
6 unchanged sentences
Based on the nature of our short-term investments, an immediate 100 basis point change in interest rates would not have a material effect on the fair market value of our portfolio.
−Removed: have exposure to variable interest rates through our credit facility, as the interest expense related to any borrowings will fluctuate with changes in LIBOR and other benchmark rates.
+Added: We also have exposure to variable interest rates through our credit facility, as the interest expense related to any borrowings will fluctuate with changes in SOFR and other benchmark rates.
Therefore, increases in interest rates may impact our net income or loss by increasing the cost of carrying debt.
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.