You own a lot in key west, florida, that is currently unused. similar lots have recently sold for $1,380,000. over the past five years, the price of land in the area has increased 4 percent per year, with an annual standard deviation of 27 percent. you have approached a buyer and would like the option to sell the land in 12 months for $1,530,000. the risk-free rate of interest is 4 percent per year, compounded continuously. what is the price of the put option necessary to guarantee your sales price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) price of put option $

What do economists mean when they use the latin expression ceteris paribus?

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Double corporation acquired all of the common stock of simple company for