Afunds manager manages a diversified australian share portfolio, but is concerned that stock prices in the market will fall over the next three months. the manager decides to hedge the risk by selling 100 s& p/asx all ordinaries share price index futures contracts at 23.55. three months later, when the manager closes out the position, the contract is trading at 24.10. calculate the profit or loss position of the futures transactions.

a.

$5500 loss

b.

$24 100 profit

c.

$137 500 loss

d.

$550 000 profit

Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: