A business-level strategy is implemented by Pizza Hut, Domino's, Papa John's and Little Caesar's in their competition with each other for pizza customers

Ryan bought a stock three years ago for $6 a share. Today, June 22, the stock is selling for $72 a share. Ryan is afraid that the price will fall and does not want to lose his profits so he places a stop-loss order to sell at $70

The stock sells between $71 and $75 throughout the remainder of the day on June 22. On the morning of June 23, the stock opens at $9 a share based on rumors of a possible bankruptcy due to inappropriate accounting procedures. Which one of the following statements is true concerning this situation? A) Ryan was able to sell his stock for $70 a share thereby protecting his profits. B) Ryan's stock was sold for $9 a share causing him to lose most of his profits. C) Ryan still owns his shares of stock since his order was never executed at the $70 price. D) Ryan received a call from the specialist asking him what he wanted to do about his order.

The spot exchange rate for Indian Rupees is Rs 42/$. The one-year forward exchange rate is Rs 43/$ and the one-year U.S. interest rate is 4%. What is the implied one year interest rate in India?

A) 5.56% B) 6.48% C) 7.25% D) 8.91%