Consider the widget exchange. suppose that each widget contract has a market value of $0 and a notional value of $100. there are three traders, a, b, and c. over one day, the following trades occur: a long, b short, 5 contracts. a long, c short, 15 contracts. b long, c short, 10 contracts. c long, a short, 20 contracts. what is trader b's net position in the contract at the end of the day?

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.