The jpy/aud spot exchange rate is 82.42, the jpy interest rate is 0.15%, and the aud interest rate is 4.95%. if the interest rates are quoted on the basis of a 360-day year, the 90-day forward points in jpy/aud would be closest to: a. –377.0. b. –97.7. c. 98.9.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.