1. Explain why the future price converges to the spot price? What would happen if this did not occur?
2. The geometric average of −18%, 35%, and 40% is _________.
14.25%
19.00%
15.72%
30.65%
3. Explain why it is important for an organization pay model to coincide with its strategic plan. Describe message a company can employ to make sure this occurs. Your response should be at least 230 words.