1. You buy a put option on a stock for a premium of $4.36. The current stock price is $56, and the option strike price is $46. What is your break-even stock price?
2. The U.S. Dollar has been the benchmark world currency for many decades. Do you believe the dollar will still be the benckmark currency 30 years from now?
3. A firm purchased equipment three years ago for $21,045. Accumulated depreciation is $13,087, and the firm's tax rate is 25%. If the equipment is sold today for $19,066, how much net cash flow would be generated? Round your answer to the nearest whole dollar.