What do we mean by the expected future spot rate?
What will be an ideal response?
The expected future spot rate is the conditional mean of the probability distribution of future spot rates. The probability distribution describes all of the possible realizations (or ranges of realizations) of the future spot rate and assigns probabilities to those values (or ranges of values). The conditional mean of the probability distribution of future spot rates takes a probability weighted average of those possible realizations (or ranges of realizations). We say that the expectation is conditional because we use all available information at the time when we are describing the probability distribution.
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A. mare liberum B. quaere C. situs D. res
Which of the following is a feature of a preferred stock?
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Digital CookwareDigital Cookware has developed a new kind of skillet that should make cooking easier for many non-chefs. The skillet has a display on its handle that beeps to alert the cook when the pan's target temperature is reached. The skillet with the aid of an accompanying cookbook will take much of the guesswork out of cooking. Digital Cookware is a small company, and it has invested considerable money in developing this new technology, which it eventually hopes to use in an entire line of pots and pans. It has run some small ads for the new skillet in cooking magazines and been featured on some morning talk shows. It needs a quick infusion of cash to maintain its current operational level and to develop the rest of the cookware line. Digital Cookware is considering some kind of
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