1. Deuce has been adjusting his portfolio to meet his target asset allocation, and has realized several capital gains and losses this year.
- -$13,000 in short-term capital gains
- -$9,000 in short-term capital losses
- -$4,000 in long-term capital gains
- -$7,000 in long-term capital losses
What is Deuce's net gain or loss?
2. ST Trucking signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year from today, and $1.4 million two years from today. When ha the contract worth today at a discount rate of 8.7%?
A. $3783648.48
B. 2108001.32
C. 3480817.37
D. 3202840.91
E. 3202223.89