April hires Christine to landscape her yard. They agree on a price, agree on the types and colors of the plantings, and agree on the start date. When Christine shows up on the agreed date, April refuses to allow her to begin work. Christine sues April for breach of contract. At trial, April produces the contract, which states that the plants were to be a mixture of red, white, and blue and were to be between 12 inches and 18 inches in height. She then produces pictures to show that Christine had arrived with only purple and yellow plants that were 6 to 8 inches high. This type of evidence produced by April would be called:

a. inculpatory evidence.
b. summary evidence.
c. exculpatory evidence.
d. direct evidence.

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2