A farmer expects to harvest 800,000 bushels of corn. To eliminate price risk, the farmer elects to short corn futures. What would cause the farmer to short only 720,000 bushels of corn?

A research ?rm is seeking proposals for the development of a low-cost passenger vehicle that can travel into space. What type of proposal will your company submit?

A) Solicited. B) Unsolicited.

Convertible home mortgages permit the borrower to

A) convert an adjustable-rate mortgage to a fixed rate mortgage at some future time period. B) convert a 15-year mortgage to a 30-year mortgage. C) convert a 30-year mortgage to a 15-year mortgage. D) avoid a repayment of the outstanding loan balance at the sale of a home and thus provide seller financing.