What option does the woman offer?A.A soup typeB.A side choiceC.A style. of cookingD.A sala
What option does the woman offer?
A.A soup type
B.A side choice
C.A style. of cooking
D.A salad dressing type
What option does the woman offer?
A.A soup type
B.A side choice
C.A style. of cooking
D.A salad dressing type
What other option does the manufacturer provide?
A.To have the delivery sent at another time.
B.To receive a similar type of product instead.
C.To come and pick up the items in person. .
D.To cancel the order and wait for a sales period.
According to the letter, what does Home and Office Furniture currently offer customers?
A.A refund for items damaged during shipping.
B.Discounted prices on bulk orders.
C.Next-day receipt of merchandise.
D.The option of opening an account with the company.
A.Reward cards are helpful when people know them totally well.
B.Reward cards are useful only when people purchase with them.
C.The value of the card will vanish from month to month in short time.
D.Rewards cards will serve people with comfort and convenience.
A.Farmers in Europe should respond faster to climate signals.
B.Farmers in Europe respond well to global warming.
C.The pace of global warming can be slowed down.
D.There isn"t any available option for adapting at present.
A.Rewards cards are helpful when people know them totally well.
B.Rewards cards are useful only when people purchase with them.
C.The value of the card will vanish from month to month in short time.
D.Rewards cards will serve people with comfort and convenience.
听力原文:M: On my way up to our company I found this wallet in the elevator. What do you think I should do?
W: As far as I am concerned, there is no other option than to take it to the receptionist. The lost-and-found box's there.
Q: What does the woman suggest the man do?
(13)
A.Take the wallet to the reception desk.
B.Look for the owner of the wallet in the company.
C.Ask the receptionist for help.
D.Put the wallet back in the elevator.
听力原文: Currency options may have two kinds of value, intrinsic value and time value. If and to the extent that an option would currently be profitable to exercise, it is said to have intrinsic value. In the case of a call, if the spot price is higher than the option exercise price, the option has intrinsic value. In the case of a put, if the spot price is less than the option exercise price, the option has intrinsic value. Such options are said to bein-the-money'. If the opposite is true of either calls or puts, they have no intrinsic value and said to be out-of-the-money'.
28. What are the two kinds of value do currency options have?
29.When does a call option have intrinsic value?
30.What is the option said to be if it has intrinsic value?
(28)
A.Intrinsic value and time value.
B.Internal value and external value.
C.Exchange value and time value.
D.Real value and stated value.
A film studio, Nadir Productions, has to decide whether to make a movie out of the book “Planetary Wars”, which it has acquired the rights to. The studio’s experts estimate that the production costs for the film will be $30 million and the subsequent cash flows net of distribution costs and taxes to be received a year later are expected to be $60 million with a probability of 50% and $10 million with a probability of 50%. The studio uses a discount rate of 18% in deciding whether to accept such projects. What is the NPV of the project? Should the project be accepted? At this point a new MBA on the CFO’s staff suggests that they have not taken account of the option to produce a sequel to the movie. If the movie succeeds at the box office, then surely they will want to make “Planetary Wars II” the following year. Draw a decision tree for the project. Assuming that the cost estimates and the distribution of future cash flows for the sequel are the same as for the original movie, how does taking account of the option to make a sequel affect the desirability of the project? Suppose that Nadir’s executives believe that a successful film of this genre can have as many as three sequels. What is the NPV of the project taking account of this?
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