1. Draw the payoff diagram for :
a. A long forward contract with a price of $6
b. A short forward contract with a price of $10
c. A portfolio containing a long forward contract with a price of $10 and a short forward contract with a price of $12.
2. Which is NOT a step in building your own personal budget?
1. List all of your variable expenses
2. Record the amount of income and when you receive it
3. Omit expenses you only have once a year
4. List all of your fixed payments