Suppose:

₤1 buys €1.50 in ny, tokyo, and london

$1 buys ¥100 in ny, tokyo, and london

₤1 buys ¥150 in ny, tokyo, and london

is there an opportunity for two-point arbitrage?

a) no, because the direct rates are the same in all markets
b) yes, because the direct rates are the same in all markets
c) yes, because the direct rates differ in all markets
d) no, because the direct rates differ in all markets

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system. a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase

The modern medicine company is considering a new project which will require an initial cash investment of $425,000. the project will produce no cash flows for the first 2 years. the projected cash flows for years 3 through 6 are $31,000, $56,000, $250,000, and $429,000, respectively. how long will it take the firm to recover its initial investment in this project?