Debt holders can be thought of as owning the firm but having ________ a call option on the assets of the firm with a strike price equal to ________

A strategy consists of buying a market index product at $830 and longing a put on the index with a strike of $830. If the put premium is $18.00 and interest rates are 0.5% per month,

what is the profit or loss at expiration (in 6 months) if the market index is $810? A) $20.00 gain B) $18.65 gain C) $36.29 loss D) $43.76 loss

In the statement of revenues, expenditures, and changes in fund balances, a transfer received by the Debt Service Fund from the General Fund should be reported by the Debt Service Fund as a:

a. transfer in, in the other financing sources/uses section b. negative expenditure, in the expenditure section c. direct addition to equity, in the fund balance section d. reimbursement, in the revenue section