Due to technological and market developments, the price of Beta stock has become quite volatile. Given this, you decide to buy two one-month put option contracts and two one-month call option contracts on this stock with an exercise price of $15. You purchased the calls at a quoted price of $.40 and the puts at a price of $2.30. What will be your total profit on these positions if the stock price is $29 on the day the options expire?
A) $1,890
B) $2,720
C) $2,260
D) $1,130
E) $1,360
C) $2,260
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The manager of Center E provides human resource support for the other centers in the company. What type of responsibility center is Center E?
a. Cost center b. Discretionary cost center c. Revenue center d. Investment center
The first unit of production takes 20 hours to produce and the learning rate is expected to be 90 percent. How long will it take to produce the twelfth unit?
A) less than or equal to 11.0 hours B) greater than 11.0 hours but less than or equal to 13.0 hours C) greater than 13.0 but less than or equal to 15.0 hours D) greater than 15.0 hours
A majority of jurisdictions follow the common law rule that the risk of loss or destruction of real property rests with the seller until the deed is conveyed to the purchaser
Indicate whether the statement is true or false
Interest payments on municipal bonds are exempt from federal taxes and state taxes as long as you live in the state in which the bonds were issued
Indicate whether this statement is true or false.