James borrowed $550 from tracy. james promised in writing that he would repay the money to tracy on may 13, 2013. at the time of the loan, tracy recorded the transaction as a/an

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

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