You have struck it rich and found a giant gold nugget in a s…
You have struck it rich and found a giant gold nugget in a stream while you were on vacation in Montana. The volume of the gold idol is approximately 1.0 L. The density of gold is 19.3 g/mL and the density of sand is 2.3 g/mL. You want to determine if it is really pure gold. You weigh the nugget and measures the volume by a water displacement method. The results are: mass = 16.5 kg and volume of water displaced = 954 mL. Is your gold made of pure gold?
Read DetailsUse the Selected Option Quotations for Proctor & Gamble (P&G…
Use the Selected Option Quotations for Proctor & Gamble (P&G) when responding to this question. It is November 9 and you have purchased the January X=65 call option on P&G and written the Jan X=67.50 call option on P&G (one contract in each case). If you hold both positions to the expiration date of the options, the maximum percentage return you can hope to make on your “initial net investment” is less than 200% (ignore transactions costs).
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