Suppose you’re considering entering a short position on a 2-year futures contract on an investment asset that provides no income. Suppose the storage costs for the investment asset is $1.29 per unit per year, with the payment being made at the end of each year. If the spot price of the asset is $821 per unit and the continuously compounded risk-free interest rate is 4.5% per annum, what is the fair futures price? (Round your answer to 2 decimal places. Do not include $ sign.)

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Companies under market structures are independent

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.