Questions
Use the following table that shows the options available on DEF stock (which currently trades at...

Use the following table that shows the options available on DEF stock (which currently trades at $112) to answer the next seven questions.

Call Premiums

Put Premiums

Strike

Jan.

Feb.

Jan.

Feb.

105

7.50

7.75

.50

.60

110

6.25

6.50

.65

.75

115

1.15

1.20

3.25

3.62

120

.75

.95

8.10

8.85

Question 15

  1. What is the exercise value of the 115 Feb. put option? Round intermediate steps to four decimals and your final answer to two decimals. Do not use currency symbols or words when entering your response.

5 points

Question 16

  1. Assuming that the annual risk-free rate is 5% and the time until expiration is 6 months, an investor could earn an arbitrage profit by shorting a synthetic 110 Jan. put option and buying a 110 Jan. put option in the marketplace.

    True

    False

5 points

Question 17

  1. Suppose that you decided to set up a short strip position using the Jan. 105 options. Find your profit/loss if the stock trades for $110 when the options expire. Round intermediate steps to four decimals and your final answer to two decimals. Do not use the dollar sign when entering your answer.

5 points

Question 18

  1. Suppose that you decided to set up a long strap position using the Feb. 110 options. Find your profit/loss if the stock trades for $127 when the options expire. Round intermediate steps to four decimals and your final answer to two decimals. Do not use the dollar sign when entering your answer.

5 points

Question 19

  1. A hedge fund manager believed that DEF stock would be relatively stable over her investment horizon and decided to use the Feb 120 options to create a straddle position based on her belief. If the stock trades for $127 when the options expire, what is her profit/loss?

    -90

    90

    280

    -280

    None of the above

5 points

Question 20

  1. Suppose that you decided to create a long strangle position using the 115 Feb call and the 110 Feb put when the stock price traded at $112. Find your profit/loss if the stock trades at $118 when the options expire.

    105

    -105

    605

    -605

    None of the above

In: Finance

Discuss the pros and cons of the following: Stock market investing Savings Bonds

  1. Discuss the pros and cons of the following:
    1. Stock market investing
    2. Savings
    3. Bonds

In: Finance

Why is working capital a particularly important area of concern for financial managers? At least 200...

Why is working capital a particularly important area of concern for financial managers?

At least 200 words.

In: Finance

Financial risk is an important concept for any healthcare manager. The manager must understand how the...

Financial risk is an important concept for any healthcare manager. The manager must understand how the various aspects of risk impact the organization’s potential access to capital for much needed investments. For this discussion, explain what financial risk is. Also, discuss how businesses and investors view risk. Provide an example that an organization might face. Lastly, discuss the terms stand alone and portfolio risk. In your opinion, is one more impactful to the organization than another?

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Pick a federal agency of your choice. Find that agency’s appropriation for a recent fiscal year....

Pick a federal agency of your choice. Find that agency’s appropriation for a recent fiscal year. That may be located in an annual appropriation act or in a consolidated appropriation bill that lumps a number of normal appropriation acts together. Are there provisions of a somewhat substantive nature that are included in the appropriation act?

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1. Name and explain three tricks that management can play to manage earnings. Explain how using...

1. Name and explain three tricks that management can play to manage earnings. Explain how using financial ratios can help spot these tricks.

2. Why is it important to analyze profitability, specifically focusing on return on investment? Invoke the breakdown of ROI in thinking about your response.

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The value of HILEV firm at the end of one year can be $50 m or...

The value of HILEV firm at the end of one year can be $50 m or $100 m with equal probability of 0.5. The firm has debt with a face value of $50 m that matures in one year. Assume that investors are risk-neutral and the risk free rate is zero. The CEO of the firm decides to substitute assets of the firm with more risky assets immediately, so that the value of the firm at the end of one year is either $30 m or $120 m with equal probability of 0.5. This asset substitution will lead to

A gain of $10 million for stockholders and a loss of $10 million for bondholders

b. A loss of $10 million for stockholders and a gain of $10 million for bondholders

c. No gain or loss to debtholders or equity holders

d. Both debtholders and equity holders will lose $10 million from the increased risk of the business

* I answered C and it was incorrect

In: Finance

"The goal of financial management is to take actions which maximize the value of a firm's...

"The goal of financial management is to take actions which maximize the value of a firm's stock. Those actions will eventually appear in the firm's financial statement, so a general understanding of financial statements is very important for the manager."

Given the recent failure of many financial institutions, do you believe business leaders really understand and use all of the concepts and principles we teach in accounting, finance, and economics?

In addition, do you believe financial managers are truly concerned about maximizing the value of a firm’s stock?

Why or why not?

In: Finance

Looking back on 4 March 2008 when the interest rate was set at 7.25% by RBA...

Looking back on 4 March 2008 when the interest rate was set at 7.25% by RBA (Reserve Bank Australia), however since then RBA gradually reduced the interest rate to its lowest 1% on 3 July 2019. Present an overview on the expectations or motivations behind such interest rate cut by RBA? (summary) [Note: In the early 1990s the interest rate was 17.5%, you don’t need to go back such distant past, your analysis should focus between 2008 to 2019] Talk about the impact on the economy after the interest rate changed. Summary of 400 words

Can you please help me with this overview? It is for my work

In: Finance

3-4 There are four countries (Japan, Sweden, Denmark and Switzerland) have negative interest rates. What could...

3-4 There are four countries (Japan, Sweden, Denmark and Switzerland) have negative interest rates. What could be the expectations/ motivations to drop interest rate below zero? Mention how it will affect the country’s growth and how it affects each country individually.

Could you please give me a summary of the solution to each question so that I may expand on this. It is for my current job

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An Apple annual coupon bond has a coupon rate of 6.9%, face value of $1,000, and...

An Apple annual coupon bond has a coupon rate of 6.9%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 6.9%, what is its Modified Duration? Answer in years, rounded to three decimal places.

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In your own words, compare the information provided by the balance sheet and the income statement....

In your own words, compare the information provided by the balance sheet and the income statement. When considering scenarios like a supplier planning to extend credit with terms of payment in 60 days, indicate which type of financial statement you would use and provide a detailed rationale as to why you selected that type of financial statement. Participate in further discussion by identifying a peer that selected a different financial statement and provide a detailed explanation as to whether you agree or disagree with the peer's rationale.

In: Finance

Part 1: Assume that the average variance of return for an individual security is 50 and...

Part 1: Assume that the average variance of return for an individual security is 50 and that the average covariance is 10. What is the expected variance of an equally weighted portfolio of 5,10,20,50, and 100 securities?

Part 2: In part 1, how many securities need to be held before the risk of a portfolio is only 10% more than minimum?

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Explain how a company may utilize a net capital loss for tax purposes. After this is...

Explain how a company may utilize a net capital loss for tax purposes.

After this is explained, give an example you’ve seen or read.

Provide your reference.

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The $800 million loan carried a 6% interest rate and had the following repayment of principal...

The $800 million loan carried a 6% interest rate and had the following repayment of principal schedule:

Year 1: $132 million

Year 2: $32 million

Year 3: $57 million

Year 4: $82 million

Year 5: $82 million

Year 6: $415 million

What is the present value of the term loan? What would the present value be if the compnay had chosen permanent debt instead of a term loan?

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