Which of the following is true?
A. The volatility skew for equities is much more pronounced now than it was in 1985 .
B. The volatility skew for equities has a positive gradient
C. The volatility skew for equities is consistent with the Black-Scholes-Merton model.
D. The volatility skew for equities is similar to that for foreign currencies.
A
There was very little volatility skew or smile for equities prior to the crash of 1987
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Jennings Company manufactures ceiling fans and uses an activity-based costing system
Each ceiling fan has 20 separate parts. The direct materials cost is $85 and each ceiling fan requires 2.50 hours of machine time to manufacture. Additional information is as follows: Activity Allocation Base Predetermined Overhead Allocation Rate Materials handling Number of parts $ 0.04 Machining Machine hours 7.60 Assembling Number of parts 0.40 Packaging Number of finished units 3.90 What is the total manufacturing cost per ceiling fan? (Round any intermediate calculations and your final answer to the nearest cent.) A) $97.70 B) $104.80 C) $112.80 D) $116.70
Half of Japan's cars are sold through door-to-door selling
Indicate whether the statement is true or false