Rankin Corp. common stock is priced at $74.20 per share. The company just paid its $1.10 quarterly dividend
Interest rates are 6.0%. A $70.00 strike European call, maturing in 6 months, sells for $6.50. How much arbitrage profit/loss is made by shorting the European call, which is priced at $2.50?
A) $0.12 loss
B) $0.12 gain
C) $0.36 loss
D) $0.36 gain
B
Business
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What will be an ideal response?
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Waldo Stores will reward an all-expense-paid trip to Hawaii to anyone who correctly guesses the date on which Waldo Stores was first established in the Boston area. Which type of sales promotion is evident here?
A) contest B) sample C) premium D) trade promotion E) point-of-purchase promotion
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