Adamantine Architectonics. Adamantine Architectonics consists of a U$.$S$.$ parent and wholly owned subsidiaries in Malaysia $($A$-$Malaysia$)$ and Mexico $($A$-$Mexico$).$ Selected portions of their non$-$consolidated balance sheets, translated into U$.$S$.$ dollars, are shown in the popup window, $.$ What are the debt and equity proportions in Adamantine's consolidated balance sheet?

What is the debt proportion in Adamantine's consolidated balance sheet?

$\%($Round to two decimal places.$)$

Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago$-$based Saguaro Funds, uses the following futures quotes, $,$ on the British pound $()$ to speculate on the value of the pound.

a$.$ If Tony buys $5$ June pound futures, and the spot rate at maturity is $$1\mathrm{.}3978=1\mathrm{.}00,$ what is the value of her position?

b$.$ If Tony sells $12$ March pound futures, and the spot rate at maturity is $$1\mathrm{.}4563=1\mathrm{.}00,$ what is the value of her position?

c$.$ If Tony buys $3$ March pound futures, and the spot rate at maturity is $$1\mathrm{.}4563=1\mathrm{.}00,$ what is the value of her position?

d$.$ If Tony sells $12$ June pound futures, and the spot rate at maturity is $$1\mathrm{.}3978=1\mathrm{.}00,$ what is the value of her position?

a$.$ If Tony buys $5$ June pound futures, and the spot rate at maturity is $$\frac{1\mathrm{.}3978}{},$ what is the value of herition?

The value of Tony's position is $ $.($Round to the nearest cent. Use a minus sign if value is negative.$)$

T$-$Bill Yields. The interest yields on U$.$S$.$ Treasury securities in early $2009$ fell to very low levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the $3-$month and $6-$month Tresury bills auctioned on March $9,2009,$ listed here:

The simple yield for the $3-$month Treasury bills is $\%.($Round to four decimal places.$)$

Yize Shen at Sumatra Funds. Yize Chen trades currencies for Sumatra Funds in Jakarta. She focuses nearly all of her time and attention on the U$.$S$.$ dollar $($USD$)$ to Singapore dollar $($SGD$)$ cross$-$rate. The current spot rate is USD$0\mathrm{.}6000=$ SGD$1\mathrm{.}00.$ After considerable study, she has concluded that the Singapore dollar will appreciate versus the U$.$S$.$ dollar in the coming $90$ days, probably to about USD$0\mathrm{.}7005=$ SGD$1\mathrm{.}00.$ She has the following options on the Singapore dollar to choose from: $.$

a$.$ Should Yize buy a put on Singapore dollars or a call on Singapore dollars?

b$.$ What is Yize's break$-$even price on the option purchased in part $($a$)?$

c$.$ Using your answer from part $($a$),$ what is Yize's gross profit and net profit $($including premium$)$ if the spot rate at the end of $90$ days is indeed USD$0\mathrm{.}7005?$

d$.$ Using your answer from part $($a$),$ what is Yize's gross profit and net profit $($including premium$)$ if the spot rate at the end of $90$ days is USDO. $8006?$

a$.$ Should Yize buy a put on Singapore dollars or a call on Singapore dollars? $($Select the best choice below.$)$

A$.$ Since Yize expects the Singapore dollar to appreciate versus the U$.$S$.$ dollar, she should buy a call on Singapore dollars. This gives her the right to buy Singapore dollars at a future date at USD$0\mathrm{.}7005/$SGD each, and then immediately resell them in the open market at USD$0\mathrm{.}6500/$SGD each for a profit. $($If her expectation of the future spot rate proves correct.$)$

B$.$ Since Yize expects the Singapore dollar to appreciate versus the U$.$S$.$ dollar, she should buy a put on Singapore dollars. This gives her the right to buy Singapore dollars at a future date at USD$0\mathrm{.}6500/$SGD each, and then immediately resell them in the open market at USD$0\mathrm{.}7005/$SGD each for a profit. $($If her expectation of the future spot rate proves correct.$)$

C$.$ Since Yize expects the Singapore dollar to appreciate versus the U$.$S$.$ dollar, she should buy a call on Singapore dollars. This gives her the right to buy Singapore dollars at a future date at USD$0\mathrm{.}6500/$SGD each, and then immediately resell them in the open market at USD$0\mathrm{.}7005/$SGD each for a profit. $($If her expectation of the future spot rate proves correct.$)$

D$.$ Since Yize expects the Singapore dollar to appreciate versus the U$.$S$.$ dollar, she should buy a call on Singapore dollars. This gives her the right to sell Singapore dollars at a future date at USD$0\mathrm{.}6500/$SGD each, and then immediately rebuy them in the open market at USD$0\mathrm{.}7005/$SGD each for a profit. $($If her expectation of the future spot rate proves correct.$)$