Firm A holds $$150$ million in excess cash and its most recent EBITDA was $$150$

million. A comparable firm B holds $$200$ million in excess cash, and its most recent

EBITDA was $$120$ million. What must be the value of $B$ if the market value of $A$ is

$$720$ million?

$$375$ million

$$453$ million

$$576$ million

$$656$ million

On Tuesday morning a trader sells a July $2024$ Henry Hub natural gas future contract

at $$2\mathrm{.}29$ per MMBtu $($the contract size is $10,000$MMBtu. The initial margin

requirement is $$4,200,$ and the maintenance margin requirement is $$2,540$ per

contract. What will be the balance on the trader's margin account after Tuesday's

close if the close price is $$2\mathrm{.}32?$

$$2,240$

$$2,840$

$$3,900$

$$4,500$

A farmer sells corn future contracts on $10,000$ bushels of corn at a price of $$2\mathrm{.}90$ per

bushel. What are the farmer's total proceeds from the sale of corn if he harvests

$12,000$ bushels of corn and the spot price of corn at the expiration of the future

contract is $3\mathrm{.}12$ per bushel?

$$32,640$

$$34,800$

$$35,240$

$$37,440$