The current stock price of alcoa is $100, and the stock does not pay dividends. the instantaneous risk-free rate of return is 3%. the instantaneous standard deviation of alcoco's stock is 40%. you want to purchase a put option on this stock with an exercise price of $105 and an expiration date 30 days from now. according to the black-scholes opm, you should hold shares of stock per 100 put options to hedge your risk.

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee