The risk-free interest rate in the United States is 8%, while the risk-free interest rate in the United Kingdom is 15%. If the 1-year futures price on the British pound is $2.40, the spot market value of the British pound today should be __________.
A. $1.93
B. $2.22
C. $2.56
D. $2.76
C. $2.56
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Which of the following accounting methods is used to account for controlling interest investments?
A) equity method B) acquisition method C) consolidation method D) discounted cash flow method
Which of the following is a drawback of the maximax criterion?
A. It ignores the payoffs associated with the “high demand” state of nature. B. It ignores the payoffs associated with the “low demand” state of nature. C. It is not a good method to use when the states of nature are not equally probable. D. It ignores the maximum payoff that could be realized if the decision maker were a risk taker.
How is cash balance calculated at the end of a month?
A. By deducting the total cash payments from the sum of the balance at the beginning of the month and the total cash receipts B. By deducting the balance at the beginning of the month from the sum of the total cash payments and total cash receipts C. By adding the balance at the beginning of the month, the total cash receipts, and the total cash payments D. By deducting total cash receipts from the sum of the total cash payments and the balance at the beginning of the month
About ____ percent of data loss is attributed to software corruption.
A. 4 B. 9 C. 14 D. 19