Professor Yates Homework 8 Solutions FI 4000 Homework 8 Solutions 1. Selling a contract is a short position. If the price rises‚ you lose money. Loss = (1‚250 – 1‚200) $250 = $12‚500 2. Futures price = S0 (1+ rf − d)T = $1‚200 (1 + .01 – .02) = $1‚188 3. The theoretical futures price = S0 (1+ rf)T = $1‚700 (1 + .02) = $1‚734. At $1‚641‚ the gold futures contract is underpriced relative to the gold spot price. To benefit from the mispricing‚ we sell what is overpriced (gold)
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Hall- Crawford En068 Cause and Effect: Smoking Smoking is one of the main issues that mankind today is confronted with in the world. Smoking is known to have started as early as 1439 A.D. Rodrigo de Jerez was the first ever smoker in Europe‚ and the development of cigars was originated by the Native American people. In the twentieth century‚ cigars were advertised all over the world as a harmless‚ anti-stress product with little or no side effects. Smoking was eventually become widespread all over
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Individual Project 5 ENGL106-1103B-216 English Composition I People Smoking in Public Areas By: Mia Boyd 09/24/11 Individual Project 4 Abstract: This an essay about how people’s bad habits can get them banned from public places‚ aka smoking. This essay’s issue is about smoking banned in most of all public places. There is no point in endangering your health and also someone else’s in these public places. Individual Project 5 You are harming other people while you smoke
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Solution: i. Establishment of estimated growth rate in earnings and dividends. XYZ Company’s current EPS is $4.75. It was $3.90 a year ago. The company pays out 35% of its earnings as dividends‚ and the stock sells for $45. a. Calculate the past growth rate in earnings. b. Calculate the next expected dividend. Assume that the past growth rate will continue Answer: If payout ratio is constant‚ then dividend growth rate will be same as earnings growth rate. a) dividend growth rate over
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Welcome to WritePoint‚ the automated review system that recognizes errors most commonly made by university students in academic essays. The system embeds comments into your paper and suggests possible changes in grammar and style. Please evaluate each comment carefully to ensure that the suggested change is appropriate for your paper‚ but remember that your instructor ’s preferences for style and format prevail. You will also need to review your own citations and references since WritePoint capability
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Yin Eng 111-051 Essay # 3 Draft #1 June 6‚ 2010 Bad effects of smoking for teenager Smoking is only one bad habit‚ which is worse thing in the world and has only bad effects. Around the world‚ almost all countries people are smoke every day‚ but different only some countries people smoke more than others countries. For example‚Asian countries smoking rate less than Europe and America because in Asian female smoking rate lass than male. InEuropean andAmerican countries smoking rate higher than
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ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
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The Effects of Smoking Tobacco Olivia Nagel Biology 123 Professor Thompson May 6‚ 2014 ABSTRACT This paper talks about the effects of smoking tobacco on the human body. It also examines the effects that smoking has on the surrounding environment of the individual who is directly smoking. Smoking has been around for a very long time‚ and dates back to the 1600s. Smoking cigarettes can cause many types of health complications to the individual who is smoking such as bronchitis‚ asthma‚ and
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Causes and Effects of Smoking Leasha Fann English 101 Mrs. Tucker 2/23/2015 Causes and Effects of Smoking Smoking is a practice through cigarettes‚ which are the most common method of smoking. There are some other methods in which the substance of tobacco is burned and the smoke is inhaled. For instance‚ smokers practice smoking through hookah‚ cigars‚ bides‚ pipes‚ etc. The history of smoking can be traced back to 5000 BC‚ which has been reported in many cultures across the globe. It
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Lindsay Gray Eng. 101 Definition Essay Final Draft The idea of the perfect Girl Scout crosses the mind‚ but passes over. In the year 1912‚ Juliette Gordon Low became the founder of girl scouts. She was artistic‚ intelligent‚ self-reliant‚ and determined; which lead her to found one of America’s greatest non-profits that’s lasted over 100 years. Low had yet to discover that her foundation for girl scouts would shape and change the future world for women. The main goal of girl scouting is promoting
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