There are two problems for this question:1. What is the total dollar amount of your profit and loss:
Put option premium is equal to 0.04 per unit.
The exercise price is 1.22
One option contract is 100,000
Selling price is 1.20
-Purchase prise is - 1.22
-Premium paid is +0.04
Net profit is = 0.02 x 100,000 = 2,000 – 80 = 1,920
2. Now undertake that as an alternative of taking a position in the put option one year ago, you sold a future's contract on 100,000 euros with a payment date of one year.
Find the total dollar amount of your profit or loss.
Solution: Contract to buy: $1.20 x 100,000 = 120,000 at payment date.
Contract to sell: $1.22 x 100,000 = 122,000 at settlement date
Settle contracts: -2,000 - 80 = -$2,080
NaHCO3 is a product of a strong base and a weak acid reaction. Thus it has weak basic properties.
HCO3- ion is actually amphoteric, which means it can act as a base or an acid. But it is weaker than a strong acid or a strong base.
<span>HCO3- is amphoteric meaning it acts both as a B.L. Acid and a B.L. Base.. which is why it's used to neutralize both acid and base spills in the lab.</span>
The four steps of food safety are:
- Clean: Wash your hands and clean surfaces often
- Separate: Don't cross-contaminate the food
- Cook: Cook the food to the right temperature
- Chill: Refrigerate promptly
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