On july 1, 2018, tremen corporation acquired 40% of the shares of delany company. tremen paid $3,030,000 for the investment, and that amount is exactly equal to 40% of the book value of identifiable net assets on delany's balance sheet. delany recognized net income of $1,400,000 for 2018, and paid $190,000 of dividends each quarter to its shareholders. after all closing entries are made, tremen's "investment in delany company" account would have a balance of:

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2