Although more price-conscious than other population segments, ________ consumers tend to be strongly motivated by quality and selection, and give importance to brands

Factoring accounts receivable is relatively an expensive source of unsecured short-term funds

Indicate whether the statement is true or false

Alan just bought 100 shares of Global, Inc. (GLO) at $45 per share and as protection he also bought a three-month put with a $45 strike price at a cost of $400

One of two scenarios is expected to occur in the next three months: (a) GLO stock declines to $33; and (b) GLO stock rises to $61. Calculate the profit or loss under each scenario and explain how the hedge has provided protection for Alan's position in GLO. Ignore transaction costs. What will be an ideal response?