Mark wants to be a web designer. He recently found out that a local company is providing a certification program in web design. The program is free and if he
does well, the company will offer an entry-level position upon completion. Mark
likes the idea of hands-on learning and has never been excited about college.
He would rather avoid having to sit through the basic freshman and sophomore
college classes and go directly into doing what he loves. This opportunity will
allow him to do just that. The only problem is that his parents think that a four-
year college education is the only way to secure a good income. Are his parents
right? Explain what you think Mark should do in this situation.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2