Suppose that the one-year interest rate is 5.0 percent in the united states; the spot exchange

rate is $1.20/€; and the one-year forward exchange rate is $1.16/€. what must the one-year

interest rate be in the euro zone to avoid arbitrage?

a) 5.0%

b) 6.09%

c) 8.62%

d) none of the options

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Which plan offers a tax-free education?