Assume that you are given a payoff function that is a straight line with slope 3 and y-intercept $-200. This payoff function is for an expiration in 3 months. Assume that the current price of the underlying stock is $60 and the annual risk free rate is 2%. What is the price of this payoff

Answers

Answer 1
Answer:

Answer:

price of the payoff is -$19.01

Explanation:

The computation of the price of payoff is shown below:

But before that we have to do the following calculations

Equation of payoff is

= -$200 + 3 × current price

Now

price of payoff is

= -$200 ÷ (1.02)^(3 ÷ 12) + 3 × $60

= -$199.01 + $180

And, finally

The price of the payoff is -$19.01

The same is to be considered


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Under the periodic inventory system: a. inventory records are updated immediately after each purchase. b. inventory must be counted at the end of each accounting period. c. inventory does not have to be counted. (It can be taken from the accounting records.) d. inventory levels must be counted every day.
Refer to the scenario above. If the terms of trade are 1.5 kilos of cloudberries for a kilo of salted cod, the terms of trade are ________
Suppose you bought 200 shares of stock at an initial price of $52 per share. The stock paid a dividend of $0.44 per share during the following year, and the share price at the end of the year was $36. What is the percentage capital gains yield
Ski West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day adult lift ticket can be purchased for $85. Adulit customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1 through April 30. Ski West expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31. On November 6, 2018, Jake Lawson purchased a season pass for $450.1. What will be included in the Ski West 2018 Income statement and balance sheet related to the sale of the season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. 2. When should Ski West recognize revenue from the sale of its season passes?3. Prepare the appropriate ournal enteries that Sky West would record on November 6 and December 31.
Which of the following is a function of a human resources department? O planning for materials needs O setting strategic policies O administering compensation interpreting the legality of accounting practices​

The Card Shoppe needs to maintain 18 percent of its sales in net working capital. Currently, the store is considering a four-year project that will increase sales from its current level of $279,000 to $308,000 the first year and to $314,000 a year for the following three years of the project. What amount should be included in the project analysis for net working capital in Year 4 of the project?

Answers

Answer:

$56,520

Explanation:

As per given data

Year     Sales          Working Capital 18%

   0      $279,000   ($50,220)

   1       $308,000   ($5,220)

   2      $314,000    ($1,080)

   3      $314,000    $0

   4      $314,000   $56,520

As the sales value of year 2, 3 and 4 are same, as capital is adjusted in year 2 and company has equal working capital required in year 3, years 4 is the last year of the project so, working capital will be recovered from the project

Net Working capital will be reimbursed at the end of the project. The accumulated value of investment in working capital will be recorded as cash inflow in the analysis.

Sunland Company uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2020 was $277000. The balance in the same account at the end of 2021 is $419000. Sunland’s Cost of Goods Sold account has a balance of $2110000 from sales transactions recorded during the year. What amount should Sunland report as Cost of Goods Sold in the 2021 income statement?

Answers

Answer:

$2,252,000

Explanation:

Calculation to determine what amount should Sunland report as Cost of Goods Sold in the 2021 income statement

Using this formula

2021 income statement Cost of Goods Sold =Cost of Goods Sold account+(2021 LIFO Reserve account ending balance-2020 LIFO Reserve account ending balance)

Let Plug in the formula

2021 income statement Cost of Goods Sold =$2110000+($419000-$277000)

2021 income statement Cost of Goods Sold =$2110000+$142,000

2021 income statement Cost of Goods Sold =$2,252,000

Therefore The amount that Sunland should report as Cost of Goods Sold in the 2021 income statement is $2,252,000

A(n) ______ cost requires a future outlay of cash and is relevant for current and future decision making. Multiple choice question. opportunity sunk historical out-of-pocket

Answers

Answer:

out-of-pocket

Explanation:

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Generally, an out-of-pocket cost requires that an individual or business outlay their future cash-flow and it must be relevant for current and future decision making.

If the reserve requirement is 5 percent, a bank desires to hold no excess reserves, and it receives a new deposit of $10, then this bank a. must increase its required reserves by $10. b. will initially see its total reserves increase by $10.50. c. will be able to make new loans up to a maximum of $9.50. d. All of the above are correct.

Answers

Answer:

c. will be able to make new loans up to a maximum of $9.50

Explanation:

If the reserve requirement is 5% it means that the bank is required to reserve(not loan out) 5% of it's reserves so in this case the bank is required to 5% of 10 (0.05*10) $0.50 as reserves and can loan out $9.50 (10-0.50). As the bank has no desire to hold on to excess reserves we can be sure that it will only hold 0.50 as reserve as it is required and loan out $9.50. So statement c is correct.

Statement A is incorrect because the bank does not need to increase required reserve by $10 but by just $0.50.

Statement B is incorrect a deposit of $10 cannot increase the total reserve by $10.50 as it is impossible mathematically.

Statement d is incorrect because 2 of the 3 statements are incorrect therefore all of the above statements cant be correct.

For a manufacturing company that you are consulting for, managers are unsure about making inventory decisions associated with a key engine component. The annual demand is estimated to be 15,000 units and is assumed to be constant throughout the year. Each unit costs $80. The companys accounting department estimates that its opportunity cost for holding this item in stock for one year is 18% of the unit value. Each order placed with the supplier costs $220. The companys policy is to place a fixed order for Q units whenever the inventory reaches a predetermined reorder point that provides sufficient stock to meet demand until the suppliers order can be shipped and received. As a consultant, your task is to develop and implement a decision model to help them arrive at the best decision. As a guide, consider the following:

1. Define the data, uncontrollable inputs, and decision variables that influence total inventory cost.

2. Develop mathematical functions that compute the annual ordering cost and annual holding cost based on average inventory held throughout the year in order to arrive at a model for total cost.

3. Implement your model on a spreadsheet.

4. Use data tables to find an approximate order quantity that results in the smallest total cost.

5. Use Solver to verify your result.

6. Conduct what-if analyses to study the sensitivity of total cost to changes in the model parameters.

7. Explain your results and analysis in a memo to the vice president of operations.

Answers

Answer:

Annual Demand = 15,000 units

Cost of each unit = $ 80

Holding Cost = 18% of unit value

Ordering Cost = $ 220 per order

For implementation of a good decision model regarding inventory after considering all type costs assisted to it such as: holding cost and ordering cost, concept of EOQ is applied.

EOQ = ((2 * Annual Demand* Ordering Cost) / (Holding Cost))1/2

= ((2 * 15000 * 220) / (80*18%))1/2

= 677 units

Hence this quantity states that this manufacturing company should reorder the quantity when it has 677 units.

2)Mathematically, costs related to inventory are computed in the following manner:

1) Annual ordering cost = Ordering cost per order * Number of orders in a year

= 220 * 15000/677 = 220 * 22 = 4840

2) Holding cost = Holding cost per unit * Average inventory throughout the year

Average inventory throughout the year = 15,000/12 = 1250 units

Holding cost = 18%* 1250 = 225

Total cost = 4840 + 225 = 5065  

One year ago, you purchased 200 shares of Southern Foods common stock for $7900. Today, you sold your shares for $35.40 a share. During this past year, the stock paid $1.25 in dividends per share. What is your percent return on this investment

Answers

Answer:

Return on investment = -0.07215 or -7.215%

Explanation:

The rate of return or percent return on the investment can be calculated by deducting the initial cost of the investment from the current value of the investment and dividing it by the initial cost.

The return provided by the investment can be calculated by adding the returns provided in form of dividend and capital gains both. Thus, the return can be calculated as follows,

Total dividend = 1.25 * 200 = $250

Total selling value = 35.4 * 200 = $7080

Total value = 250 + 7080 = $7330

Return on investment = (7330 - 7900) / 7900  =  -0.07215 or -7.215%

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