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marysya [2.9K]
4 years ago
15

OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Eac

h contract calls for delivery of 2,500 shares of stock in 1 year. The T-bill rate is 9% per year.a. If Brandex stock now sells at $110 per share, what should the futures price be? (Round your answer to 2 decimal places.)
Business
1 answer:
-Dominant- [34]4 years ago
3 0

Answer: 299750

Explanation:

Based on no-arbitrage approach, future price should be equal to spot price compounded by risk-free rate.

Spot price = $110

Risk-free rate = 9%

Future price = 110*(1+9%) = 119.9

For 2500 shares = 119.9*2500 = 299750

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Public Relations is: a) The most persuasive promotional tool b) Easy to measure the effectiveness of c) The media's portrayal of
goldenfox [79]

Answer: Public Relations is d) Any activity designed to create and maintain goodwill toward an organization.

Explanation:

The term Public Relation refers to the sharing of business-related information of concerned firms to the public through sources like balance sheet statement release for every financial year. Secondly, through the pubic relation task activities, All the firms publish the facts and figures which linking with sales margin and the list of consumers who have strong liaison with the particular firms.

Public Relations helps firms to earn a good reputation and a good image among the common public by maintaining strong relations with all the firms. The strategy of public relations considered as the vital component to display the useful information of the firms to the public.

5 0
3 years ago
Justin is an unlicensed person and he has been appointed a trustee of a special needs trust for his nephew. The trust will be fu
GrogVix [38]

Answer:

Justin cannot take any money for selling the home .

Explanation:

One benefit of obtaining a license in this situation is that you are eligible to obtain compensation from the sales of a property on other people's behalf.

In the example above, Justin help the sales of the house before the money is being put into trust.

If Justin has a license, he probably could've obtained around 5% of the sales as compensation from selling the house. But since he doesn't have the licenses, he does not has the legal right to ask for a compensation unless the owner of the house make a written argument about it.

3 0
3 years ago
The salesperson's objective is to begin converting a prospect into a customer by creating a desire for the product or service du
boyakko [2]

Answer:

The answer is known as presentation

Explanation:

The steps involved in personal selling process are highlighted below:

Prospecting involves determining the product or service that one needs to sell to the prospective customer through careful selection

Preapproach is about collecting information about the customer in order to derive a suitable approach in meeting with the customer

Approach is the process of meeting with customer

Presentation is about showcasing the product's unique values to the customer

Close involves getting  a buy commitment from the buyer

 Follow up is about finding how satisfied the customer was with the product bought

3 0
3 years ago
With yearly inflation of 5%, prices are given by P=P0(1.05)t, where P0 is the price in dollars when t=0 and t is time in years.
Nina [5.8K]

Answer:

0.07947

Explanation:

Given that

P=P0(1.05)t

where

P0 represents the price in dollars

Plus P0 = 1  

T = time = 10 years

So the equation is

P = 1(1.05)^10

The formula is shown below:

\frac{d(a^x)}{dx}=a^x\log a

\frac{d(P)}{dt}=\frac{d(1.05)^t}{dt}=1.05^t\ln (1.05)

\frac{d(P)}{dt}=\frac{d(1.05)^{10}}{dt}=1.05^{10}\ln (1.05)

After solving this, the value is 0.07947

7 0
4 years ago
Four aspects of empowered performance are understanding variation, deciding what to measure, working correctly with data, and us
ozzi

Answer:

False

Explanation:

4 0
3 years ago
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