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AAA and ZZZ are all-equity firms. AAA has 530 shares outstanding at a market price of...

AAA and ZZZ are all-equity firms. AAA has 530 shares outstanding at a market price of $101 a share. ZZZ has 200 shares outstanding at a price of $17 a share. ZZZ is acquiring AAA for $7,000 in cash. The incremental value of the acquisition is $8,000. What is the net present value of acquiring AAA to ZZZ?


You purchase a call option on Belarus rubles for a premium of $.10 per unit, with an exercise price of $2.48. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $2.98 and there are 10,000 units in a Belarus rubles option, what is your total profit

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