Spears Co. will receive SF1,000,000 in 30 days. Use the following information to determine the total dollar amount received (after accounting for the option premium) if the firm purchases and exercises a put option: Exercise price = $.61 Premium = $.02 Spot rate = $.60 Expected spot rate in 30 days = $.56 30-day forward rate = $.62

On a certain portion of an experiment, a statistical test result yielded a p-value of 0.21. what can you conclude? 2(0.21) = 0.42 < 0.5; the test is not statistically significant. if the null hypothesis is true, one could expect to get a test statistic at least as extreme as that observed 21% of the time, so the test is not statistically significant. 0.21 > 0.05; the test is statistically significant. if the null hypothesis is true, one could expect to get a test statistic at least as extreme as that observed 79% of the time, so the test is not statistically significant. p = 1 - 0.21 = 0.79 > 0.05; the test is statistically significant.