Jenkin's, a large retail store, has lately been experiencing issues with sales and has lost a lot of customers. bobby is hired to manage the store. he is found to be a tough leader who focuses on and plans to improve efficiency by setting high standards for his subordinates. he is not very popular amongst his subordinates as he ignores their needs. however, his method of leading gets work done and sales soon start to improve. in the context of the relationship between leadership style and situational favorability, bobby is a(n)

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