On August 8th the three-month risk-free rate of interest in the United States was 3.75 percent and it was 3.00 percent in Japan. If the spot exchange rate were $0.010798/yen, what would you expect the forward exchange rate to be?

Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.

Max wants to open a basic checking account at his local bank. he needs to bring his and , along with a $50 deposit, to open the account.