payments. 2. What do hedge funds do: (a) Hedge? (b) Speculate? (c) Arbitrage? (d) None of the above Answer: (a)‚ (b)‚ (c) 3. During the growing season a corn farmer sells short corn futures contracts in an amount equal to her crop. If after harvesting and selling her crop she maintains the contracts‚ she is then considered a: (a) Hedger (b) Speculator (c) Arbitrager (d) None of the above Answer: (b)
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76 CHAPTER 7 CURRENCY FUTURES AND OPTIONS MARKETS This chapter describes foreign currency futures and options contracts and shows how they can be used to manage foreign exchange risk or take speculative positions on currency movements. It also shows how to read the prices of these contracts as they appear in the financial press. SUGGESTED ANSWERS TO CHAPTER 7 QUESTIONS 1. On April 1‚ the spot price of the British pound was $1.86 and the price of the June futures contract was $1.85. During
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1 Explain creativity and innovation and in your point of view‚ why both creativity and innovation are vital in the business context. Support your answer with relevant examples. Creativity is the ability to think widely‚ to generate new ideas and connect ideas and have a free minded to approach matters. Innovation is the production or implementation of ideas (Naiman‚ 2011). Innovation involves introducing of new concept towards existing products or services or processes to make them better. Generally
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DEFINITION Past future perfect tense is a verb form to discuss activities that would have been done in the past. This form is commonly used in the main clause of a conditional sentence type 3 Past future perfect tense is formed with the auxiliary verb and would or should have‚ and the past participle (verb-3). Have used both for singular and plural subjects. While past participle can be either regular or irregular verb. Types of sentences Formula Example Positive ( + ) S + would/should
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Technology is not killing creativity. If it was‚ then Les Paul’s invention of the electric guitar‚ Bob Moog’s invention of the synthesizer‚ Kusek et al.’s invention of MIDI‚ Pro Tools’ inventor as well as every effects pedal or electronic music enhancing piece of gear would have to be part of this destructive force. Thoughts like this are fun to debate but totally unproductive. The real issue to be discussed for which a solution must be found is how can those who produce great music
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REPORT ON PROMOTION OF PAYBACK CARD AND MIGRATION FROM GREEN CARD TO PAYBACK CARD AT PANTALOONS
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for amortization‚ valuation‚ and estimation. For instance‚ there is much more uncertainty associated with intangible assets‚ so it’s much more difficult to account for the projected future benefits. According to the Spiceland text‚ “it’s often very difficult to anticipate the timing‚ and even the existence‚ of future benefits attributable to many intangible assets…in fact‚ this uncertainty is a discrimintating characteristic of intangible assets that perhaps better distinguishes them from tangible
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SCIENTIFIC INVENTION ASSEMBLY LINE: Primitive assembly line production was first used in 1901 by Ran some Eli Olds (1864-1950)‚ an early car-maker (he manufactured the Oldsmobile‚ the first commercially successful American car). Henry Ford (1863-1947) used the first conveyor belt-based assembly-line in his car factory in 1913-14 in Ford’s Highland Park‚ Michigan plant. This type of production greatly reduced the amount of time taken to put each car together (93 minutes for a Model T) from its
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The first telephone was invented by Alexander Graham Bell on March 10‚ 1876. The first words ever transmitted to another person through the telephone was “Mr. Watson‚ come here‚ I want you.”. This was the start of something huge in the future. The telephone’s cause can be described by the inventor and his reasons. The effects can be described by the outcome and todays uses of the telephone. Bell came to the U.S. as a teacher for the death‚ and considered the idea of electronic speech while visiting
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This could happen when the price of the wheat increase by (1000/ 5000) =$0.2 the price of wheat must increase to (4.5+0.2) = $4.7 per bushel for there to be a margin call. $1‚500 can be withdraw from the margin account‚ this will happen if the futures price fall to (1‚ 500 / 5‚000) = $0.3 to (4.5 – 0.3) $42 per bushel. 4.25 (a) the six-month zero-coupon bond rate is calculated as follows: Rm=[m*(FV-PV)]/PV Rm=[2*(100-98)]/98=0.0482 Then this is converted into a continuously compounding
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