1. Suppose you purchase one Texas Instruments August 75 call contract quoted at $8.50. If, at expiration, the price of a share of Texas Instruments stock is $79, your profit would be
2. Compare the tax treatment of administrative expenses with that if the decedent’s debts. What are the advantages and disadvantages of the various treatments?
3. Three years ago you purchased a 11?% coupon bond that pays semiannual coupon payments for ?$963. What would be your bond equivalent yield if you sold the bond for current market price of ?$1057??
Your bond equivalent? yield, if you sold the bond for current market? price, is ------?%. ?(Round to two decimal? places.)