Which of the following can be valued without using a numerical procedure such as a binomial tree?
A. American put options on a non-dividend paying stock
B. American call options on a non-dividend paying tock
C. American call options on a currency
D. American put options on futures
B
The answer is B because an American call on a non-dividend paying stock is worth the same as the corresponding European call, which can be valued with BSM.
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Joan contributes cash of $48,000, and Jamie contributes office equipment that cost $40,000 but is valued at $32,000 to the formation of a new partnership. The entry to record the investments in the partnership is:
A) Cash 48,000 Equipment 40,000Capital, Joan 48,000Capital, Jamie 40,000 B) Cash 48,000 Equipment 32,000Capital, Joan 48,000Capital, Jamie 32,000 C) Cash 48,000 Equipment 40,000Loss 8,000Capital, Joan 48,000Capital, Jamie 48,000 D) Cash 48,000 Equipment 40,000Capital, Joan 48,000Capital, Jamie 32,000Loss, Jamie 8,000
The plaintiff can always choose the system in which to file a case regardless of subject matter jurisdiction
Indicate whether the statement is true or false
________ résumés emphasize employment history and work well for candidates who have experience in their field of employment and for those who show steady career growth
Fill in the blank(s) with correct word
Which of the following statements describes a check?
A) The drawer is always a bank. B) The maker is always a bank. C) A check is generally payable on demand. D) A check is a particular kind of note.