Answer:
hard question
Step-by-step explanation:
The answer is 4, first you the $27 and subtract the $3, then u take 24 and divide it by 6
Answer:
Step-by-step explanation:
An option to buy a stock is priced at $150. If the stock closes above 30 next Thursday, the option will be worth $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30, the option will be worth $200. A trader thinks there is a 50% chance that the stock will close in the 20-30 range, a 20% chance that it will close above 30, and a 30% chance that it will fall below 20.
a) Let X represent the price of the option
<h3><u> x P(X=x)
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$1000 20/100 = 0.2
$200 50/100 = 0.5
$0 30/100 = 0.3
b) Expected option price

Therefore expected gain = $300 - $150 = $150
c) The trader should buy the stock. Since there is an positive expected gain($150) in trading that stock option.
Answer:
36km hr
Step-by-step explanation:
Answer:1695.75
Step-by-step explanation:
We know that there are 7 days in a week. Since 57 people rent skates each day, we know that 57*7=399 skates are rented each week. Since one skate cost 4.25, we know that 399*4.25 is the cost, which is 1695.75. (If you are not allowed to use a calculator, you can do 400*4.25-4.25, to make it easier to compute)