According to the Federal Trade Commission (FTC), identify theft is "someone appropriating your personal information without your knowledge to commit fraud or theft."

Which of the following is NOT a theory that has been suggested to explain empirical evidence that IPOs are initially underpriced?

a. litigation risk b. the winner's curse c. signaling (i.e., strategic underpricing) d. the IPO market is inefficient

Assume you manage a firm that faces transaction exposure. Your company manufactures and sells bicycles around the world

You have just completed a large sale of bicycles to a chain of stores in Australia and received a promised payment of 250 AUD per tricycle. You have already sold 6,000 bicycles and are now awaiting payment which you expect to receive in 90 days. The exchange rate today is 1.25 AUD per USD. Over the next ninety days, the indirect exchange rate unexpectedly moves from 1.25 AUD to 1.22 AUD. What is the increase in domestic revenue due to this unexpected move in the exchange rate? A) $38,239 B) $12,589 C) $29,508 D) $38,496