Jun, who lives in the united states, is on a trip to south america. he is going first to argentina, where the currency is the argentine peso ($, then to bolivia, where the currency is the bolivian boliviano (bs.. as he is traveling from argentina to bolivia, he finds that he has the equivalent of us $671 in pesos, which he wishes to convert to bolivianos. if, at the time of jun’s exchange, the exchange rate of the us dollar to the argentine peso is 1: 3.8056 and the exchange rate of the argentine peso to the bolivian boliviano is 1: 1.8903, how many bolivianos does jun have? round all currencies to two decimal places.

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

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

If big macs were a durable good that could be costlessly transported between countries, which of the following would present an arbitrage opportunity? check all that apply. exporting big macs from argentina to the united states. exporting big macs from the united kingdom to poland. exporting big macs from switzerland to china