Dash Brevenshure works for the currency trading unit of ING Bank in London. He speculates that in the coming months the dollar will rise sharply vs. the pound. What should Dash do to act on his speculation?
A) Buy a call on the pound.
B) Sell a call on the pound.
C) Buy a put on the pound.
D) Sell a put on the pound.
Answer: C
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When firms issue stock to raise capital, they
A. may tap foreign as well as domestic markets. B. are limited to domestic markets, due to local legislation. C. are making a commitment to adopt 3BL. D. are foregoing the use of domestic debt markets.
List specific jobs that should be segregated in (1) the purchases processing system and (2) the cash disbursements system
Concert Division reported a residual income of $200,000 for the year just ended. The division had $8,000,000 of invested capital and $1,000,000 of income. On the basis of this information, the imputed interest rate was:
A. 20.0%. B. 2.5%. C. 12.5%. D. 10.0%. E. None of the answers is correct.
People's diverse interests and backgrounds divide them into numerous groups with distinct needs and wants, a condition most accurately described as ________
A) market aggregation B) market positioning C) economic aggregation D) disintermediation E) market fragmentation