1. Amazon.com Inc. stock price is at $445 per share. A three-month call option on the stock with an exercise price of $470 is traded at $11.70. What's the time value of the option?
2. You plan to invest in securities that pay 9.0%, compounded annually. if you invest $5,000 today, how many years will it take for your investment account to grow to $9,140.20.
3. A firm has an average collection period of 10 days. The industry average ACP is 25 days. Is this a good or poor sign about the management of the firm's accounts receivable? (250 words)