Renita works as a freelancer. she wants to start her own business, but she does not have the required funding. to meet the working capital for her business, she takes a short-term loan from a bank. the bank agrees to provide her funding up to $50,000, as and when she needs it. however, she can repay the amount immediately or over a pre-specified period of time. which of the following short-term financing sources does renita utilize to fund her business in the given scenario? a. line of credit
b. trade credit
c. commercial paper
d. factoring

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out