bearbee

what is the lower bound for american put before expiration-----should be intrinsic value max(0,X-S)

newtonyh

应该是选B:intrinic value

davisen

墨尔本考，上下午感觉难度相当,比Mock简单很多，和sample差不多难度。 很多题都不用转弯，直接套数字就行了...什么么唉

上午一个半小时做完，下午的也用了差不多的时间。 反正都检查了一遍，然后正好3个小时用完：）

Anex

=1.496078E-48

ray168168

there was another question about leasing instead of buying the planes.

what would be the benefits of doing so?

1. enjoying a lower tax bracket
2. because they gonna continue leasing the planes for a long time

(cant remember the other 2 choices.)

i picked "enjoying a lower tax bracket" cos leasing = more expenses = low incomes & lower tax.

did anyone have a different answer?

bearbee

QUOTE:

以下是引用ray168168在2008-6-11 2:11:00的发言：

mmm... for monopolistic competition

short run - possible economic profits

long run - new firms enter -> zero economic profits

so it depends whether it was asking abt the long run or the short run

i remember that i picked "no" to both ie. it could be asking abt the long run impact

does anyone remember?

it asks if  the companies have "any" power, no matter it's short/long run, in monopolistic market, there are price-searchers with differential products, the companies got to find the right prices for their products.therefore, they have power to determine their products' prices.

odiegg

你说的这个题目是说

这两种竞争环境下 哪种企业对价格有一定的控制力

wjforest

QUOTE:

QUOTE:

以下是引用ray168168在2008-6-11 2:02:00的发言：

there was another question about leasing instead of buying the planes.

what would be the benefits of doing so?

1. enjoying a lower tax bracket
2. because they gonna continue leasing the planes for a long time

(cant remember the other 2 choices.)

i picked "enjoying a lower tax bracket" cos leasing = more expenses = low incomes & lower tax.

did anyone have a different answer?

I had the same answer[em05]

[此贴子已经被作者于2008-6-11 8:51:22编辑过]

wjforest

pls delete this post

[此贴子已经被作者于2008-6-11 9:11:49编辑过]

odiegg

which of the following is not included in f/s:
choices: statement of changes in equity, statement of change in income, footnotes w/ disclosure of accounting policies
ans: statement of change in income

why？