Synovus Finl Cp (SNV) has Daily Cash Needs of $30102.00, and the Cost of Selling Securities is $121.00 If the yield on the securities is 11.08%. What are the total Costs associated with the EOQ?

	a.	10987230
	b.	8582.06
	c.	154910.88
	d.	17164.13
	e.	51564.62

Rodgers Inc. is imports paper from Shanghai China. In a typical transaction Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan. In all transactions, the amounts and payments are set today, but all deliveries, payments, and revenues come 90 days later. How can Rodgers hedge its foreign currency risk?

	a.	Contract to buy dollars in the futures market today at an agreed upon price in 90 days.
	b.	Contract to sell Yuan in the futures market today at an agreed upon price in 90 days.
	c.	Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.
	d.	Contract to buy call options on dollars today with expiration in 90 days.
	e.	Contract to buy put options on Yuan today with expiration in 90 days.

You are given the following three money market securities: A US T-bill offering a quoted yield of 6.75%; A bank CD offering a quoted yield of 7.56%; A MA Municipal bond offering a quoted yield of 4.25%; You pay Federal tax at the rate of 32%, and the MA state tax at the rate of 6.25%. It is estimated that the US T-Bill has zero risk of default, the MA municipal has a 1.8% chance of default,and the back CD has a 2.3% chance of default. The quoted yield is before tax and credit risk adjustments, which of these three securities is best after adjusting for tax and credit risk?

	a.	Bank CD
	b.	T-Bill
	c.	MA Municipal
	d.	They are the same
	e.	cannot make decision