Find the value of a European put option on futures if the futures price is 72, the exercise price is 70, the continuously compounded risk-free rate is 8.5 percent, the volatility is 0.38 and the time to expiration is three months
a. 6.30
b. 12.90
c. 4.34
d. 2.00
e. none of the above
c
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z is a standard normal random variable. The P (1.20 
z
2.10) equals
A. 0.7618. B. 0.2382. C. 0.9028. D. 0.0972.
In the growth stage of the product life cycle, _____
a. a wide variety of retailers offer a large range of prices, services, and quality b. promotion must be explanatory in nature c. a skimming price strategy is used d. product sales reach their maximum
From a marketing perspective, a high quality copy machine is one that
A. offers the most features. B. has the longest warranty. C. is produced with the best materials. D. is designed and manufactured to last the longest. E. does a good job satisfying a customer's requirements or needs.
At the heart of the ____ are agreements that provide legal ground rules for international commerce and trade policy.
A. United Nations B. GATT C. MERCOSUR D. WTO E. APEC