An option contract can be based on a foreign currency.

A company is considering a 5-year project. It plans to invest $60,000 now and it forecasts cash flows for each year of $16,200. The company requires a hurdle rate of 12%. Calculate the internal rate of return to determine whether it should accept this project. Selected factors for a present value of an annuity of 1 for five years are shown below:

Repossession.Tina sold used vehicles.She sold a used pick-up truck to Joan and a used convertible to Barry.She properly obtained a security interest in both vehicles.Both Joan and Barry defaulted on payments owed to Tina for the vehicles.Tina told her assistant Samantha that the only legal remedy was repossession; that she was going after the vehicles; and that Samantha should call law enforcement if she did not show up at the office by 10 a.m.for the next few mornings.Tina decided that she would repossess Joan's pick-up at Joan's house.Therefore,Tina slipped into the driveway at midnight one night and started the engine.Joan immediately ran out and confronted Tina.Tina shoved Joan away and drove off in the pick-up truck.Tina was able to repossess Barry's convertible in a public parking lot with no altercation with him.Which of the following is true regarding whether repossession was the only remedy available to Tina?

A) Tina was correct regardless of whether a vehicle or another type of good was involved.
B) Tina was correct but only because a vehicle was involved.
C) Tina was incorrect,because only when a vehicle is involved,a party must disregard the collateral and proceed to judgment.
D) Tina was incorrect,because regardless of whether a vehicle or another type of good was involved,Tina only had the right to ignore the collateral and proceed to judgment.
E) Tina was incorrect,because regardless of whether a vehicle or another type of good was involved,Tina had the right to either take possession of the collateral or ignore rights in the collateral and proceed to judgment.

Caroline goes to work for a soft drink company that owns a proprietary recipe. She signs a non-disclosure agreement. When she is fired, she threatens to go public with the company's recipe. The company wants to stop her. They should seek a(n) ________.

A) Injunction
B) Directive
C) Instructional edict
D) Demand
E) Order for specific performance

Elmer's utility function is U(x, y)  minx, y².If the price of x is $20, the price of y is $30, and Elmer chooses to consume 4 units of y, what must Elmer's income be?

A) $540
B) $880
C) $440
D) $200
E) There is not enough information to tell.

The division's turnover is closest to:

A) 3.40
B) 10.75
C) 2.58
D) 0.32