An investor purchases 100 shares of stock at a price of $54.51. The investor writes 4 call options on the stock. The call options cover 100 shares, have a premium of $1.97 and a strike price of $71. Identify the highest break-even point for this overall ratio call write strategy.

Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year