An iron butterfly, also known as the ironfly, is the name of an advanced, neutral-outlook options trading strategy that involves buying and holding four different options at three different strike prices. Suppose you construct an iron butterfly position on Blackrock stock as follows, with Blackrock stock currently trading at $400. All options have an expiration date of one year from today and the constant a > 0. 1. Long one out-of-the-money put option with premium $5 and strike price of 400 – a.
2. Short one at-the-money put with premium $35.
3. Short one at-the-money call with premium $45.
4. Long one out-of-the-money call with with premium $15 and strike price of 400 +a.
A. Draw the profit diagram at expiration for the Blackrock iron butterfly, with the constant a as a free parameter, assuming the risk-free interest rate is zero.
B. What is the mnimum possible A expiration for the Blackrock iron butterfly, expressed in terms of the parameter a? For a doer an arbitrage opputunity exst, for what range of values?

Witch is an example of a non durable good?

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is

Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are: