Summa corp. must pay floating rate interest three months from now on a loan of $1m. it wants to lock in these interest payments with an interest rate futures contract. interest rate futures for three months from now settled at 94.65, for a yield of 5.35% per annum.

a. should summa corp. buy or sell a futures contract?

b. if the floating-rate interest three months from now is 6.00%, what did summa gain or lose on the futures contract and on its overall position (loan + futures contract)?

cif the floating-rate interest three months from now is 5.00%, what did summa gain or lose on the futures contract and on its overall position (loan + futures contract)?

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

What are the options?

E? pretty sure let me know the answer

Answerrecover no damages from the driver;