1. In 5 years, you will be able to buy 16 apples for 33 dollars. In 16 years, you will be able to buy 24 apples for 79 dollars. If we assume that the annual rate of inflation stays fixed and that the cost of apples perfectly reflects the overall consumer price index (CPI), how much would it cost to buy 165 apples today?
2. Ms. Brown sold short 100 shares of common stock at $78 per share. The price has declined to $69. The outlook for the stock is mixed, so she would cover her short position if the stock moves up as much as $1 but hold if it continues down. Ms. Brown should place a?