Determine the best crop to plant, using the following decision criteria: a) Maximax b) Maximin c) Minimax Regret
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Determine the best crop to plant, using the following decision criteria:
a) Maximax
b) Maximin
c) Minimax Regret
d) Hurwicz (alpha = 0.30)
e) Equal Likelihood
f) What coefficient of pessimism should a farmer have so that he is indifferent on his decision to either plant corn or peanuts?
Step by step
Solved in 4 steps with 6 images
d) Hurwicz (alpha = 0.30)
e) Equal Likelihood
f) What coefficient of pessimism should a farmer have so that he is indifferent on his decision to either plant corn or peanuts?
- The following data relate to the price of rice per kg.in different years. year 1998 1999 2000 2001 2002 2003 2004 2005 Price 6 7 7 8 10 14 12 13 Find out price relativei. Taking 1998 as baseii. Taking 2002 as baseiii. Taking average of 1998, 1999 and 2000 as the baseWe need to choose best among the three available investment alternatives high-risk stock, low-risk stock and savings account. Fixed payoff o: 500€ for savings account for the deposited amount. 200€ fixed fee needs to be paid towards trading charges. Payoffs details depends on market conditions as mentioned below. Which investment option you will choose and why? If you need any more details to solve this problem, please make your assumptions and list all the assumptions that you made. Market Up Market Same Market Down High Risk 1700 300 -800 Low Risk 1200 400 100 Probability 0.5 0.3 0.2Prices of zero-coupon bonds reveal the following pattern of forward rates: Year Forward Rate 1 3 In addition to the zero-coupon bond, investors also may purchase a 3-year bond making annual payments of $50 with par value $1,000. a. What is the price of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price b. What is the yield to maturity of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yleld to maturity c. Under the expectations hypothesis, what is the expected realized compound yield of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Realized compound yield d. If you forecast that the yield curve in 1 year will be flat at 6.0%, what is your forecast for the expected rate of return on the coupon bond for the 1-year holding period? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Holding period return %
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- Please show solution and formula used. Tia Moriarty started living in his own condominium after turning 25 years old. When he turned 26, he became fond of buying a pack of Gardenia wheat bread every Saturday at 5:30PM. The price of the bread is Php85.00 per pack. Assume the following: 1. Moriarty will live until 95 years old. 2. The price of the bread will remain constant, 3. Moriarty’s purchasing habits will not change. What is the lifetime value that can be generated from Moriarty as a customer of Gardenia wheat bread?A borrower took out a $1,450,000 30-year fully amortizing conforming adjustable rate mortgage loan with an index of the one year U.S. Treasury and a 2.5% margin from the Wells Fargo Bank to buy a condo in Park City, Utah. The loan has a teaser rate of 1.5% for the first year, after which the interest rate resets annually with 2% annual and 6% lifetime interest rate increase caps, and the lender charges a one point loan origination fee and an additional $540 in closing costs to the borrower that are deducted from the loan proceeds at closing. On the first reset date, the one year U.S. Treasury rate was 4.75%. What would be the monthly payment for the second loan year? $6,511.15 $5,004.25 $6,337.97 $6,461.99A borrower took out a $1,450,000 30-year fully amortizing conforming adjustable rate mortgage loan with an index of the one year U.S. Treasury and a 2.5% margin from the Wells Fargo Bank to buy a condo in Park City, Utah. The loan has a teaser rate of 1.5% for the first year, after which the interest rate resets annually with 2% annual and 6% lifetime interest rate increase caps, and the lender charges a one point loan origination fee and an additional $540 in closing costs to the borrower that are deducted from the loan proceeds at closing. At the time of loan origination, the one year U.S. Treasury rate is 1.25%. What would be the monthly payment for the first loan year? $5,004.24 $6,715.18 $5,259.25 $4,832.15