1. A strategy consists of buying a market index product at $2900 and longing a put on the index with a strike of $2895. If the premium is $18.00 and interest rates are 0.5% per month, what is the profit or loss in one year at expiration if the spot price at expiration is 2910?
2. Please submit roughly a 2 pg type written paper here discussing the major points of the Housing Crisis what caused it and can it happen again?
3. _______ In manufacturing firms, standard costs are developed for direct materials, direct labor, and overhead. A) True. B) False.