The arbitrage profit implied by these prices is $5.24.
<h3>Arbitrage profit</h3>
Given:
Future contract= 1645
Sport gold price = 1592
Risk-free rate (rf) = .03
Hence:
Arbitrage profit=1645-[1592(1+1.03)¹]
Arbitrage profit=1645- 1639.76
Arbitrage profit=1645 =$5.24
Therefore the arbitrage profit implied by these prices is $5.24.
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Answer:
d. A manufacturing company will normally have raw materials, work in process, and merchandise inventory as inventory account classifications.
Explanation:
- Normally a manufacturing company has various inventors such as raw material, work in progress and finished goods and the inventories are goods that held up in stocks for the ultimate goal of resale, another type of inventories include transit inventory, buffer inventory and cyclic inventory.
- Merchandise inventory is a finished good that is taken for sale by retail or wholesale. The finished goods for the sale by manufactures are generally called as finished goods inventory.
<span>Joneen gave Sue a cartway claim to access her own property across a portion of Joneen's property. This type of easement allows an individual to access their property via another, privately owned parcel for the purposes of accessing landlocked property.</span>
Answer:
the stock value per share is $53
Explanation:
The computation of the stock value per share is shown below:
Value of operations = Free cash flows ÷ ( Capitalization Rate - growth rate )
= $175 Million ÷ ( (10% - 4%)
= $2,917
Now stock value per share is
= $2,917 ÷ 55 million shares
= $53 per share
Hence, the stock value per share is $53
