Suppose that the current price of an asset is $31. The asset is expected to pay a dividend of $3 in one month. The asset also has an upfront carrying cost associated to it of $1. The risk-free rate is 5%. The price of a 3-month European call on this asset with strike $30 is $4. The price of a 3-month European put with strike $30 is $3.25. Construct a risk-free profit involving one call and one put.

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na