A firm owns a building with a book value of $100,000 and a market value of $250,000. If the building is utilized for a project, then the opportunity cost ignoring taxes is:

Kerry Sol is an investment manager who uses client brokerage to purchase research from a broker.
Kerry directs all of her equity investing client's brokerage through this broker. The amount paid for the research was reasonable. The research obtained relates to debt securities. These debt securities are not suitable for her equity-investing clients. Has Kerry violated CFA Institute's Standards of Professional
Conduct?

Key steps in the dynamic process of portfolio management are:
I). Specification of investor objectives, constraints, and preferences.
II). Asset allocation, portfolio optimization, security selection, implementation, and execution.
III). Determination of capital market expectations.
IV). Measurement of portfolio performance.
The order of these steps in the process is:

To maximize profits, a perfectly competitive firm should do all of the following except:
I). produce until economic profits are maximized.
II). produce until marginal cost equals price.
III). produce until marginal revenue equals marginal cost.
IV). produce until per unit profits are maximized.

An investor owns 100 shares of General Motors stock. She sells one stock call option. The investor's position is now a covered call with the following characteristics:
Stock position: LONG 100 shares of General Motors Stock purchase price: $62.00 per share Option position: SHORT 1 call option General Motors stock Underlying asset: 100 shares of General Motors
Exercise price: $80.00 per share Premium: $0.13 per share Expiration date: October
If the expiration-day price of General Motors stock were $82.00 per share, then the expiration-day profit/loss for the covered call would be: