Copenhagen covered (a). heidi høi jensen, a foreign exchange trader at j. p. morgan chase, can invest $4.95 million, or the foreign currency equivalent of the bank's short term funds, in a covered interest arbitrage with denmark. using the following quotes, can heidi make a covered interest arbitrage (cia) profit? arbitrage funds available $ 4,950,000 spot exchange rate (kr/$) 6.1715 3-month forward rate (kr/$) 6.1977 u. s. dollar annual interest rate 3.000 % danish krone annual interest rate 5.050 % the cia profit potential is nothing%, which tells heidi høi jensen that she should borrow ▼ danish krones u. s. dollars and invest in the higher yielding currency the ▼ danish krone u. s. dollar , for cia profit. (round to three decimal places and select from the drop-down menus.)

Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.

Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of