A U. S. corporation has purchased currency call options to hedge a 70,000 British pound payable. The premium is $.035, and the exercise price of the option is $1.30. If the spot rate at the time of maturity is $1.45, what is the total amount paid by the corporation if it acts rationally

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?