Answer:
GEICO
Explanation:
In 1936, Leo and Lillian Goodwin started an insurance company to serve federal government employees.
Answer:
Translation exposure.
Explanation:
Translation exposure bis also known as translation risk and is the risk faced by a company in case it's equity, asset, liabilities, or income is affected by exchange rates. This is usually the case when a firm has part of its assets.or equity denominated in a foreign currency.
Companies that have foreign subsidiaries are subject to this type of risk. For example if after a company has undertaken an obligation at a particular price and foreign currency fluctuations cause the cost of execution to go up. The company still has to meet its obligations and will run at a loss.
I don't know this for a fact, but I believe that Apple could not be where it is financially without a big fat shot of skimming pricing in this situation.
Shear the sheep !
Fleece the goats !
Take no prisoners !
Don't look back !
They asked for it !
Whatever the traffic will bear !
The PV gain is 0.56 for an arbitrageur.
<u>Explanation</u>:
PV of the strike price is 60e-(12 4/12) = $57.65
PV of dividend is 0.80e-(12 1/12) = $0.79
where 5 < 64 - 57.65 - 0.79
-
The arbitrageur should buy the option and short stock, this above condition is missing in 10.8 condition.
-
The arbitrageur ought to contribute $ 0.79 of this at 12% for one month to deliver a profit of $0.80 in one month and the remaining $ 58.21 is put resources into four months in 12%, without considering the benefit that figures it out.
-
If the stock price declines below $ 60 of every four months, the arbitrageur loses $ 5 spent on the choice however gains on an extremely short position, the arbitrageur shorts when the stock price is in $ 64 and deliver profit with PV of $ 0.79 and closes the short position when the stock price is $ 60 or less because $ 57.65 is the PV of $ 60 the short position generates at least 64-57.65-0.79 = 5.56
The PV gain at least 5.56-5.00
0.56
-
If the stock price is above $60 at option when exercised and arbitrageur buys stock for $60 for four months and closes the short option. The PV of 60 is $57.65 and the dividend is 0.79 and gain in a short position and exercise the short option it results in 64-57.65-0.79= 5.56 and gains on PV is 5.56-5.0 = 0.56
Answer:
Nepal is a secular state - True.