It is now january. the current interest rate is 4.4%. the june futures price for gold is $1483.40, while the december futures price is $1,491. assume the june contract expires in exactly 6 months and the december contract expires in exactly 12 months.

a. calculate the appropriate price for december futures using the parity relationship? (do not round intermediate calculations. round your answer to 2 decimal place.)

price for december futures $

b. is there an arbitrage opportunity here?

no
yes

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production

Explain the relationship between consumers and producers in economic growth and activity