Fred is on a popular tv game show where you can win $1,000,000. he is currently at $16,000 and is not totally certain if he knows the answer to the $32,000 question. his decision could be influenced if the host says "you can take the $16,000 and go home, and that's a lot of money," or "$32,000 is way more money than $16,000." there is a tendency for the contestants to do whatever the host suggests, and fred will probably be no different. this is the effect o

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

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