A call option on euros is written with a strike price of $1.30/euro. Which spot price maximizes your profit if you choose to exercise the option before maturity?
A) $1.20/euro
B) $1.25/euro
C) $1.30/euro
D) $1.35/euro
Answer: D
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Red, the head picker of the Nose Miner's Union, offers to sell Jane his 1955 Thunderbird convertible. Before Jane can accept the offer, lightning strikes the car and it is totally destroyed. Which of the following is true?
a. Jane can still accept the offer and Red must find a 1955 Thunderbird to sell. b. The offer is terminated by law. c. Red can still revoke his offer so long as he does so before Jane accepts. d. Jane can still accept the offer. She will be entitled to the insurance proceeds.
Records concerning the enforcement of criminal laws are not subject to disclosure
under the: a. FOIA b. Privacy Act c. FOIA and Privacy Act d. none of the above; records concerning the enforcement of criminal laws are not exempted from disclosure