A sale made with terms "CIF Tokyo" includes in the price quoted for the goods which of the following:
A) cash, in-transit expenses, foreign exchange expenses
B) cash, insurance, freight.
C) cost, insurance, freight.
D) currency exchange expenses, insurance, freight.
C
Business
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W, age 17, enters into an installment contract to purchase a five-year-old-car fro S, an adult. From a legal point of view, the contract is:
A. void B. voidable by W only C. voidable by S only D. voidable by either S or W
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Assume that a $55 strike call has a 1.5% continuous dividend, r = 0.05 and the stock price is $50.00. If the option has 45 days until expiration, what is the vega, given a shift in volatility from 33.0% to 34.0%?
A) 0.20 B) 0.15 C) 0.10 D) 0.05
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