MINI-CASE The Jones Family Incorporated The Scene: It is early evening in the summer of 2018, in an ordinary family room in Manhat- tan. Modern furniture, with old copies of The Wall Street Journal and the Financial Times scat- tered around. Autographed photos of Jerome Powell and George Soros are prominently displayed. A picture window reveals a distant view of lights on the Hudson River. John Jones sits at a com- puter terminal, glumly sipping a glass of chardonnay and putting on a carry trade in Japanese yen over the Internet. His wife Marsha enters. Marsha: Hi, honey. Glad to be home. Lousy day on the trading floor, though. Dullsville. No vol- ume. But I did manage to hedge next year's production from our copper mine. I couldn't get a good quote on the right package of futures contracts, so I arranged a commodity swap. John doesn't reply. Mark's wong? Here you b Mon Make Whe Marke Ever Chicap Bout Ope) What' 256 QUESTIONS