You purchase a call option on pounds for a premium of $.03 per unit, with an exercise price of $1.64; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.63, your net profit per unit is:

In literature, a foil is a secondary character who has some basic things in common with the protagonist, but contrasts with the protagonist in important ways to highlight particular qualities of the protagonist. In Act 4, which character could be read as a foil for Othello?

Monetary policy is considered time-inconsistent because

What does Marvell’s speaker offer in the third stanza as the logical conclusion to be drawn from the ideas presented in the first two stanzas?

If you expect the euro to appreciate, it would be appropriate to ____ for speculative purposes.

Either a dual or hierarchial mandate is acceptable as long as ________ is the primary goal in the ______.

In An Essay of Dramatic Poesy, who does Dryden say “had the largest and most comprehensive soul” of any writer throughout history?

The existing spot rate of the Canadian dollar is $.82. The premium on a Canadian dollar call option is $.04. The exercise price is $.81. The option will be exercised on the expiration date if at all. If the spot rate on the expiration date is $.86, the profit as a percent of the initial investment (the premium paid) is:

Assume the following information:   Spot rate today of Swiss franc = $.60 1-year forward rate as of today for Swiss franc = $.63 Expected spot rate 1 year from now = $.64 Rate on 1-year deposits denominated in Swiss francs = 7% Rate on 1-year deposits denominated in U.S. dollars = 9%   From the perspective of U.S. investors with $1,000,000, covered interest arbitrage would yield a rate of return of ____%.

If your firm expects the euro to substantially appreciate, it could speculate by ____ euro call options or ____ euros forward in the forward exchange market.