Negotiate the price on a 1000-item order Step 1:Co...

In 1999, the price of oil hovered around $16 a barrel. By 2008, it had【1】the $100 a barrel mark. The reasons for the surge【2】from the dramatic growth of the economies of China and India to widespread【3】in oil-producing regions, including Iraq and Nigeria’s delta region. Triple-digit oil prices have【4】the economic and political map of the world,【5】some old notions of power. Oil-rich nations are enjoying historic gains and opportunities,【6】major importers — including China and India, home to a third of the world’s population —【7】rising economic and social costs.

Managing this new order is fast becoming a central【8】of global politics. Countries that need oil are clawing at each other to【9】scarce supplies, and are willing to deal with any government,【10】how unpleasant, to do it.

In many poor nations with oil, the profits are being, lost to corruption,【11】these countries of their best hope for development. And oil is fueling enormous investment funds run by foreign governments,【12】some in the west see as a new threat.

Countries like Russia, Venezuela and Iran are well supplied with rising oil【13】, a change reflected in newly aggressive foreign policies. But some unexpected countries are reaping benefits,【14】costs, from higher prices. Consider Germany.【15】it imports virtually all its oil, it has prospered from extensive trade with a booming Russia and the Middle East. German exports to Russia【16】128 percent from 2001 to 2006.

In the United States, as already high gas prices rose【17】higher in the spring of 2008, the issue cropped up in the presidential campaign, with Senators McCain and Obama【18】for a federal gas tax holiday during the peak summer driving months. And driving habits began to【19】, as sales of small cars jumped and mass transport systems【20】the country reported a sharp increase in riders.

(1)

A．come

B．gone

C．crossed

D．arrived

What is the author's opinion about the new TV?

A．You can wait for a while until the price drops.

B．Several new qualities make the new TV worth the high price.

C．The price is too high because, technologically speaking, the new TV is not entirely new.

D．The new TV sells for 1, 000 US dollars, a price that is quite reasonable.

Monica Lewis, CFA, has been hired to review data on a series of forward contracts for a major client. The client has asked for an analysis of a contract with each of the following characteristics:

A forward contract on a U.S. Treasury bond

A forward rate agreement (FRA)

A forward contract on a currency

Information related to a forward contract on a U.S. Treasury bond: The Treasury bond carries a 6 percent coupon and has a current spot price of $1,071.77 (including accrued interest). A coupon has just been paid and the next coupon is expected in 183 days. The annual risk-free rate is 5 percent. The forward contract will mature in 195 days.

Information related to a forward rate agreement: The relevant contract is a 3 x 9 FRA. The current annualized 90-day money market rate is 3.5 percent and the 270-day rate is 4.5 percent. Based on the best available forecast, the 180-day rate at the expiration of the contract is expected to be 4.2 percent.

Information related to a forward contract on a currency: The risk-free rate in the U.S. is 5 percent and 4 percent in Switzerland. The current spot exchange rate is $0.8611 per Swiss France (SFr). The forward contract will mature in 200 days.

Part 2)

Suppose that the price of the forward contract for the Treasury bond was negotiated off-market and the initial value of the contract was positive as a result. Which party makes a payment and when is the payment made?

A)The long pays the short at the maturity of the contract.

B)The short pays the long at the initiation of the contract.

C)The short pays the long at the maturity of the contract.

D)The long pays the short at the initiation of the contract.

When will the vote begin?

A．On 1 January.

B．On 5 March.

C．On 22 January.

D．On 5 January.

Given the following table definition:STOCK: item VARCHAR(30) status CHAR(1) quantity INT price DEC(7,2)If items are indicated to be out of stock by setting STATUS to NULL and QUANTITY and PRICE to zero, which of the following statements would be used to update the STOCK table to indicate that all the items whose description begins with the letter "S" are out of stock?（）

A.UPDATE stock SET (status = NULL; quantity, price = 0) WHERE item LIKE S%

B.UPDATE stock SET (status, quantity, price) = (NULL, 0, 0) WHERE item LIKE S%

C.UPDATE stock SET status = NULL, SET quantity = 0, SET price = 0 WHERE item LIKE ‘S%‘

D.UPDATE stock SET (status = NULL), (quantity = 0), (price = 0) WHERE item LIKE S%

TO: Molly Takeshi

FROM: Hereford Books Net

SUBJECT: Order Confirmation #P-X-240-2

Congratulations, Ms. Takeshi—your order is confirmed[ Please review the (90) of your order below:

Title Qty. Price

Collection of Poems, 2010 1 $14.95

A Dark and Stormy Night 1 $19.34

Four Short Stories of Horror 2 $36.18

How to Start a Garden 1 $28.90

You have selected the "Standard Delivery" option, and these items are scheduled to be delivered on June 16, 2011, in a single package. Please note that you have also chosen the "Signature Required" option, so if (91) is home to receive the delivery, a notice will be left and you will need to retrieve the package from your local post office.

Additionally, as part of our new commitment to environmentally friendly policies, no paper invoice will accompany your order. Instead, please keep this email to serve as a receipt for your records. Or, if you require a (92) invoice, you can request one from the "My Accounts" tab on our website.

(50)

A．contents

B．transactions

C．belongings

D．preferences