The bid-ask spread is computed as follows: Percent spread = (Ask price - Bid price)/Ask price X 100, or 1.4428 - .4419/1.4428 X 100 = 0.062%.

The sale of securities that are cash equivalents does not go in any of the three categories on the statement of cash flows. The sale of securities that are cash equivalents does not go in any of the three categories on the statement of cash flows. The sale of securities that are cash equivalents is simply considered a change in the form of cash the company holds.

Since the addition of the imaginary derivative has made a payoff pattern possible where it was previously impossible, the derivative has made the market more complete.

The end-of-period weighted average number of common shares outstanding is the number of shares outstanding during the year weighted by the portion of the year they were outstanding.
Dividends and splits are applied to all shares issued or repurchased and all original or adjusted shares outstanding prior to the split or dividend. Step 1) Apply the 04/01/01 dividend to the beginning of year shares: Adjusted shares = 1.05 x 20,000 = 21,000. Step 2) Apply the 10/01/01 split to the adjusted beginning-of-year shares and the repurchase. Adjusted beginning-of-year shares = 42,000 (= 2 x 21,000).
Adjusted repurchase = 10,000 (= 2 x 5,000). Step 3) Compute the weighted average number of shares.
4 2,000(12/12) - 10,000(6/12) = 37,000 shares.

P(A&B) = P(A|B) x P(B)Prob(Country B in final|Country A is in final) = Prob(Countries A and
B in final)/Prob(Country A in final) = 0.30/0.60 = 0.50, or 50%.