The stock price of harper corp. is $33 today. the risk-free rate of return is 6%, and harper corp. pays no dividends. a put option on harper corp. stock with an exercise price of $30 and an expiration date 73 days from now is worth $.95 today. a call option on harper corp. stock with an exercise price of $30 and the same expiration date should be worth today.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)