You purchased one July futures contract of pork bellies at $.59 per lb. One contract represents 40,000 lbs. of pork bellies. By the end of the day, the price had fallen to $.57 per lb. How much did the value of your contract change during the day?
A) It rose by $800.
B) It fell by $356.
C) It fell by $800.
D) There is no change in value until the contract expires.
Answer: C
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The CISG: A) governs all contracts between parties in countries that have ratified it
B) applies only to goods bought for personal, family or household uses. C) applies to contracts in which the predominant part of the obligation is the supply of labor or other services. D) None of these.
An investment costing $25 returns $27.50 at the end of one year with no risk. Given this, you know that the NPV:
A) is zero at any given discount rate. B) is negative if the required return is less than 10 percent. C) equals 1.0 if the required return is 10 percent. D) is zero if the required rate of return is 10 percent. E) must be positive at any given discount rate.
When Maurice Kendall examined the patterns of stock returns in 1953, he concluded that the stock market was __________. Now, these random price movements are believed to be _________.
A. inefficient; the effect of a well-functioning market B. efficient; the effect of an inefficient market C. inefficient; the effect of an inefficient market D. efficient; the effect of a well-functioning market E. irrational; even more irrational than before
Which act protects the privacy of personal information of American children under 13 years of age?
A. COPPA B. CIPPA C. HIPAA D. All of these