Changes in the general economy, like changes in interest rates or tax laws, represent what type of

risk?

A) unsystematic risk B) company-unique risk
C) market risk D) diversifiable risk

C

Business

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The TQM wheel features ________ at its center

A) incremental improvement B) customer satisfaction C) employee teams D) leadership

Business

Suppose S = $52.50, K = $50, ? = 0.25, r = 0.04 and div = 0.01

What is the price of a gap option with 156 days until expiration and K1 = $32.00? A) $14.00 B) $15.00 C) $16.00 D) $17.00

Business