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Indicate the type of unemployment for each event shown below:

1.2.

a) What is the main problem with a barter system? Give an appropriate event/situation that indicates the problem.

Main problems:

Event/Situation:

b) During World War ii, cigarettes were used as money among prisoners of war camps. Considering the attributes that good money should possess, why would cigarettes emerge as money among prisoners?

           i)State any THREE (3)attributes of cigarettes as money in the prison.

            The attributes of cigarettes as money in the prison:     

          ii)Briefly explain why each attribute mentioned in (i)makes cigarettes emerge as money      

              among prisoners. (3 mark)

               Explanation:

Thanks really appreciated your help dear expert Ms/Sir

Dell Corp. sold a computer system to a customer in the UK and billed £10 million receivable in 6 months. Dell would like to control for the exchange rate risk. The current spot exchange rate is $1.30/£ and the 6-month forward exchange rate is $1.27/£ at the moment. Dell can buy a 6-month put option on £10 million with a strike price of $1.32/£ for a premium of $0.02 per pound. It can also buy a 6-month call option on £10 million with a strike price of $1.29/£ for a premium of $0.15 per pound. Currently, 6-month interest rate is 6.1% per annum in the U.K. and 5.0% per annum in the U.S.

a) Compute the guaranteed dollar proceeds from the sale if Dell decides to hedge using a forward contract.

b) If Dell decides to hedge using money market instruments, what action does Dell need to take? What would be the guaranteed dollar proceeds from the sale in this case?

c) If Dell decides to hedge using options on pounds, what option (put or call) will Dell use? And what would be the ‘expected’ dollar proceeds from the aircraft sale? Assume that Dell regards the current forward exchange rate as an unbiased predictor of the future spot exchange rate.

d) Based on the available information and your calculations above, what is your recommendation to Dell for a best strategy (forward hedge vs money market hedge vs options hedge)? Why?

e) Other things being equal, at what forward rate would Dell be indifferent between the forward and money market hedge?

‘Applecore’ is one of the leading management consultancy firms in the UK since early 2000 and they have an enviable track record among a diverse clientele across several major industries in the region. You have recently joined Applecore as a management consultant and your firm, on the basis of a good reference from another long-standing client of yours, has received a call from a large automobile manufacturer to go and meet them for discussions to explore if your firm can take up a major consultancy work for them in the background as below.

The automobile manufacturer performed extremely well since its inception in 1995 but in the last 3-4 years they have been posting continuously disappointing results owing to the increasing competition from imported brands, a somber growth of the economy and a variety of other reasons. The manufacturer realized they cannot continue with this kind of a performance for long for reasons of diminishing profitability and hence are planning to hire one of the leading management consulting firms to undertake a consultancy work in the hope that the consultancy firm would be able to do a rigorous study of their value chain and come up with feasible solutions for restoring their profitability and set them back on a promising future track.

This automobile manufacturer, new to Applecore, is assigned to you as your new client by your firm and your immediate job is to initiate the first meeting with them to understand their requirements, make an effective pitch to bag the consultancy contract in the light of stiff competition coming from other good leading consultancy firms also vying for the same contract. You are further expected to work and deliver on the project within challenging timeframes.

         In the background of the above case, answer questions 3 and 4 below:

Q1. As a management consultant, how will you go about bagging and delivering the project?

Q2. Considering the nature of the consultancy assignment that requires in-depth value analysis, what and how will you apply/use an appropriate analytical model to the client’s business?

• • The risk-free rate in the US is 5% and the UK risk-free rate is 8%. The spot quote is $1.80/£ while the one year forward quote is $1.78/£. You can borrow either $1,000,000 or £555,556. According to IRP, is the forward quote correct? If not, what should it be?

If the forward quote is not correct, lay out the steps to implement an arbitrage.

• The annualized US risk-free rate is 8% and the Germany risk-free rate is 5%. Assume that any period rates less than a year can be interpolated (i.e. if you invested for 6 months then you would receive 4% in the US). The spot quote is €0.80/$ while the 3-month forward quote is €0.7994/$. You can borrow either $1,000,000 or €800,000. According to IRP, is the forward quote correct? If not, what should it be?

If the forward quote is not correct, lay out the steps to implement an arbitrage.

• A trader believes that the euro will appreciate versus the pound. Currently, the spot is €1.2/£ and the forward is €1.3/£. Lay out the steps that the trader would implement if she wants to potentially profit (using forwards) from her view.

What if spot finished at £0.8696/€

What if spot finished at £0.7143/€

• Below are quotes from JPMorgan
• Bid - Ask
• €/$ 0.8- 0.85
• £/$ 0.7- 0.75
• £/$

Calculate the £/€ quote. Explain what each trading desk at JPMorgan is doing so that the bank can arrive at that quote

A UK court on Thursday rejected for the fifth time the bail plea of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.

The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year and is scheduled for an extradition trial in May, made his fifth attempt at getting bail on the basis of a change in circumstances.

However, the High Court in London rejected his bail plea.

Nirav Modi was arrested on March 19, 2019, on an extradition warrant executed by Scotland Yard on charges brought by the Indian government.

a. How did Nirav Modi manage to defraud the PNB for 7 years? Explain in detail.

b. Could it have been avoided? If so, how?

3. The Krov band is touring the UK. They have played eight dates and already their tour is a great success. Total post-gig sales (merchandising, CDs etc.) on each date have been:

1. Apply the exponential smoothing model with a coefficient of 0.4 to predict the value of post-gig sales after the next tour date (Date no. 9).
2. Compute the Mean Square Deviation (MSD).
3. Exponential smoothing with a coefficient of 0.6 was found to have a MSD = 28.592. Which model is better in terms of prediction?

As noted above, your CEO has traveled to London, UK to make a presentation to the company’s board of directors. Your company, Belleaqua, produces bottled water for consumer use in Canada. Recent negative publicity for the bottled water industry has caused your CEO to design a new bottle return policy for Belleaqua’s products. This would greatly reduce the amount of plastic currently finding its way to landfills and into the oceans. The first bottled water company to successfully launch such a program will be seen as a leader in environmental sustainability. The CEO needs to convince the board to invest $15M in developing and launching this program. This will significantly reduce corporate and shareholder earnings for 2019.

According to this plan, please design an outline of the presentation.The outline format is :

Audience:

Purpose:

Intro:

First Major Point:

1. Supporting Point One:
2. Supporting Point Two:
3. Supporting Point Three:

Second Major Point:

1. Supporting Point One:
2. Supporting Point Two:
3. Supporting Point Three:

Third Major Point:

1. Supporting Point One:
2. Supporting Point Two:
3. Supporting Point Three:

Conclusion:

A leisure company operates three amusement arcades in the UK: at Redcar, Skegness and Torquay. As part of a performance review the duration in minutes of the period spent in the arcades by each of a sample of customers visiting was recorded.

The durations of visits made by 21 customers visitng the Redcar arcade were :

23 8 39 72 73 13 44 74 37 37 21

21 27 27 34 31 32 43 74 44 36 36 23  

The figures for 18 customers visiting the Skegness arcade were:

31 51 69 12 53 28 36 28 36 30

35 45 48 25 9 32 60 66

The figures for 20 customers visiting the Torquay arcade were:

3 19 1 15 21 9 7 20 10 2

6 2 11 37 10 6 10 14 3 5

(A) Classify both sets of data into grouped frequency distributions

(B) Calculate the relative frequency for each class of all three distributions

(C) The company expects customers to spend at least 20 minutes on visits to their arcades.

Use your relative frequency figures to compare the performances of the arcades in this respect.

Stuck in the mud is a popular dice game in UK. The game uses five (5) 6-sided dice to play. The players play in turns.
Choose one player to start the game. The player will roll all five (5) dice. If the player rolled any 2s or 5s, the player does not score any points for this throw. The player can only score on a roll which does not include the number 2 and 5. Any dice with a 2 or a 5 becomes stuck in the mud. If this throw does not contain any 2s or 5s, the score is incremented by the sum of the dice values.
The player needs to set aside any 2s and 5s and throw the remaining dice. Again, if any 2s or 5s are rolled, the score will not be incremented for this throw. Throws without 2s and 5s are added to the previous total score.
Continue in this way until all the dice are stuck. Save the score and pass the dice to the next player.
Players can agree a total number of rounds to play in advance. Total up the score. The player with the highest score wins the game. The following link contains the detail game description: https://www.activityvillage.co.uk/stuck-in-the-mud
Write a MATLAB program to simulate the Stuck in the Mud game with additional features that can:
• Use five (5) 6-sided dice to automatically play the Stuck in the Mud game against a player.
• Greet the player when the game starts.
• Let the player to choose the number of rounds to play. Take care of the user input to ensure the program will not crash with inputs like 0, 1.2, -1, 999, and so on...
• The program should not play if the user enters a 0 or any negative value.
• The program should accurately play the number of rounds specified by the user. The player and the computer play in turns for each round.
• The program can always pick one side to start the game first, either the player side or the computer side. Randomly pick a side to start the rotation is optional.
• Print the current round number clearly in the command window.
• If the player side starts first, the program will automatically roll all five (5) dice for the player. If the player rolled any 2s or 5s, the player does not score any points for this throw. The player can only score on a roll which does not include the number 2 and 5. Any dice with a 2 or a 5 becomes stuck in the mud. If this throw does not contain any 2s or 5s, the score is incremented by the sum of the dice values. The player needs to set aside any 2s and 5s and throw the remaining dice. Again, if any 2s or 5s are rolled, the score will not be incremented for this throw. Throws without 2s and 5s are added to the previous total score. Continue in this way until all the dice are stuck.
• The dice rolled for the player, the stuck dice, and the scores during the process should clearly be printed in the command window.
• The program then automatically roll all five (5) dice for the computer. Follow the game rules until all five (5) dice are stuck.
• The dice rolled for the computer, the stuck dice, and the scores during the process should also be clearly printed in the command window.
• Accurately track the total scores for the player and the computer.
• After all the rounds have been played, select a winner based on the highest total score. It is also possible that the game ends in a tie.

UK climate projections suggest a change in rainfall patterns. This will increase risk of flooding of cities from rivers. As a mitigation, a local lead flood authority is considering replacing the current temporary flood barriers with three different permanent gates to control the flood in different flood situations. The time required to complete each, and the number of workers required to be on the job at all times are shown in Table A below.

Table A. Specification ofthe flood barrier projects

Flood barrier gate - Duration of work [months] - Number of workers required

1 - 2 - 30

2 - 2 - 20

3 - 3 - 30

Once a flood gate is completed, it is estimated that it can control the following amount of water measured in cubic metres per month (cmm): gate I, 50cmm; gate 2, 30cmm; gate 3, 40cmm. For building these three gates, 60 workers are available during each month.

(a) Formulate a mathematical model in order to maximise, in the case of flood, the total water control capacity at the end of month 4.

(b) Formulate the following additional constraints forced by the tlood management committee:
(i) At most, construction on only one gate can be started during anyone month.
(ii) Gate 2 must be completed by the end of month 4.