Under certain conditions, the Coase theorem asserts that the property right to an activity will be acquired by the party that values it most. What are the two implications of the Coase theorem that are listed in the chapter? (Check only two.) A. Legal constraints will not affect the outcome. B. The outcome will result in the rights to an activity going to the party that deserves them the most C. The outcome will result in the largest possible economic pie for society to enjoy. D. Bargaining will be efficient since transactions costs are eliminated.

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