The current gold price for immediate delivery (i. e., gold spot price) is $1440 (bid) and $1450 (ask) per ounce. a one-year forward contract of gold trades at a forward price of $1500 (bid) and $1510 (ask) per ounce. in a long forward contract you will receive delivery of one ounce of gold in one year and you will need to pay $1510 at the time of delivery. alternatively, in a short forward position you will need to deliver one ounce of gold in one year and you will receive $1500 at the time of delivery. your one-year lending interest rate is 1% and your one-year borrowing interest rate is 3%. assume that gold has no delivery costs, no storage costs, and no short-selling costs. you expect that the gold price is going to increase to around $1600 over the next year. are there any arbitrage opportunities here? if yes, explain which transactions you need to perform and quantify the profits you make from this arbitrage. if not, explain why an arbitrage does not exist.

Which energy career pathways work with renewable energy? check all that apply.

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.