On May 31, Alyssa, an American investor, decided to buy three-month Treasury bills. She found that the per-annum interest rate on three-month Treasury bills is 7.00% in New York and 9.00% in Tokyo, Japan. Based on this information and assuming that tax costs and other transaction costs are negligible in the two countries, it is in Alyssa’s best interest to purchase three-month Treasury bills in Tokyo , because it allows her to earn 0.50% more for the three months. On May 31, the spot rate for the yen was $0.100, and the selling price of the three-month forward yen was $0.099. At that time, Alyssa chose to ignore this difference in exchange rates. In three months, however, the spot rate for the yen rose to $0.102 per yen. When Alyssa converted the investment proceeds back into U. S. dollars, her actual return on investment was . As a result of this transaction, Alyssa realizes that there is great uncertainty about how many dollars she will receive when the Treasury bills mature. So, she decides to adjust her investment strategy to eliminate this uncertainty. 1. What should Alyssa’s strategy be the next time she considers investing in Treasury bills?
a. Exchange large amounts of domestic currency for foreign currency.
b. Sell enough foreign currency on the forward market to match the anticipated proceeds from the investment.
c. Exchange half of the anticipated proceeds of the investment for foreign currency.
2. Had Alyssa used the covered interest arbitrage strategy on May 31, her net return on investment (relative to purchasing the U. S. Treasury bills) in Japanese three-month Treasury bills would be .

1  2  3  4  5  6  7  8  9  10time remaining59: 30in  the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war? 1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war?

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?

Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog