The average starting salary of this year’s graduates of a large university (lu) is $20,000 with a standard deviation of $8,000. furthermore, it is known that the starting salaries are normally distributed.

a. what is the probability that a randomly selected lu graduate will have a starting salary of at least $30,400?

b. individuals with starting salaries of less than $15,600 receive a low income tax break. what percentage of the graduates will receive the tax break?

c. what are the minimum and the maximum starting salaries of the middle 95% of the lu graduates?

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