Consider a one-period binomial model of 6 months. Assume the stock price is $45.00,
? = 0.20, r = 0.06 and the stock's expected return is 12.0%. What is the discount rate for a
$45.00 strike European call option (Y)?
A) 38.2%
B) 39.1%
C) 42.5%
D) 45.6%
B
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How should a website be formatted to keep it compelling and reader-oriented?
A) Use the inverted pyramid. B) Use the direct approach. C) Use a persuasive model. D) Use the indirect approach. E) Use the AIDA model.
Western cultures judging people from other cultures who use their hands to eat rather than use utensils is an example of ______.
A. euphemism B. narcissism C. ethnocentrism D. altruism
It is not a good idea to mention your education, experience, and expertise when introducing yourself to your audience, as this will come across as boastful and diminish your credibility
Indicate whether the statement is true or false.
Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:Comparative Balance Sheet???Ending BalanceBeginning BalanceCash and cash equivalents$58,000$34,000Accounts receivable48,00036,000Inventory56,00067,000Prepaid expenses24,00016,000Long-term investments280,000220,000Property, plant, and equipment580,000580,000Less accumulated depreciation 270,000 235,000Total assets 776,000 718,000???Accounts payable$32,000$53,000Accrued liabilities38,00021,000Income taxes payable61,00031,000Bonds payable90,00060,000Common stock80,00060,000Retained earnings 475,000 433,000Total liabilities and stockholders' equity 776,000 718,000Income Statement?Sales$700,000Cost of goods sold 360,000Gross
margin 340,000Selling and administrative expense 210,000Net operating income130,000Income taxes 39,000Net income $91,000The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.On the statement of cash flows, the selling and administrative expense adjusted to a cash basis would be: A. $210,000 B. $166,000 C. $254,000 D. $201,000