On December 1, 2018, Keenan Company, a U.S. firm, sold merchandise to Velez Company of Canada for 150,000 Canadian dollars (CAD). Collection of the receivable is due on February 1, 2019. Keenan purchased a foreign currency put option with a strike price of $.97 (U.S.) on December 1, 2018. This foreign currency option is designated as a cash flow hedge. Relevant exchange rates follow:DateSpot RateOption PremiumDecember 1, 2018$0.97 $0.05 December 31, 2018$0.95 $0.04 February 1, 2019$0.94 $0.03 ?Compute the fair value of the foreign currency option at December 31, 2018.
A. $3,000.
B. $6,000.
C. $7,500.
D. $1,500.
E. $4,500.
Answer: B
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On January 1, 2018, Ling Services issued $168,000 of six-year, 12% bonds when the market interest rate was 11%. The issue price of the bonds was $177,110. Ling uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round the final answer to the nearest dollar.)
A) $10,627 B) $9741 C) $10,080 D) $9240
The percentage of white non-Hispanics in the workforce will double by 2024.
Answer the following statement true (T) or false (F)
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A stock's alpha is equal to
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