Luther Industries is currently trading for $27 per share. The stock pays no dividends. A one-year European put option on Luther with a strike price of $30 is currently trading for $2.60. If the risk-free interest rate is 6% per year, then the price of a one-year European call option on Luther with a strike price of $30 will be closest to:

Karen is going downtown to shop. She pulls her car into a parking lot, stops, pays for and

receives a ticket, parks her car, and leaves. Karen keeps her keys and may get her car at any time. Several hours later, when Karen returns, she learns her car has been stolen. Which of the following statements best describes this situation? A) This is not a bailment because the bailee had no duty to return the goods. B) This is not a bailment because there was no compensation paid. C) This is a bailment. D) This is not a bailment because there was no taking of possession by a bailee. E) This is not a bailment because there is no personal property.

Suppose that the market has a 70% chance of being favorable and a 30% chance of being unfavorable. A favorable market will yield a profit of $300,000, while an unfavorable market will yield a profit of $20,000

What is the expected monetary value (EMV) in this situation?