To create a delta-neutral portfolio, the YRU fund has sold 10,000 call options on Neutral stock with a strike price of $120 when the shares were trading at $100. Jack Jackson, its risk manager, uses the Black-Scholes model to value all its option exposures. The current price of the shares is $105. The annualized standard deviation of Neutral stock returns is 20% and the option expires in six months. The capital asset pricing model holds exactly and Neutral stock has a beta of zero. If the risk-free rate is 2%, approximately. what is the likelihood that this option will be exercised

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting