The local people of Lake Caliopa, Minnesota have noticed that a high number of people are suffering from a lung ailment. The lung ailment was almost four to seven times the rate compared with the national average. They found that the smog emitted by a company CDA on the outskirts of the town responsible for the lung disease. The company CDA was directed to install a new equipment to control air and water pollution by the Minnesota pollution control agency. Later, citizens sued the company CDA. To explain: The information the city must sent to every household where it supplies water.

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Chapter 25, Problem 4RE

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Case summary: The local people of Lake Caliopa, Minnesota have noticed that a high number of people are suffering from a lung ailment. The lung ailment was almost four to seven times the rate compared with the national average. They found that the smog emitted by a company CDA on the outskirts of the town responsible for the lung disease. The company CDA was directed to install a new equipment to control air and water pollution by the Minnesota pollution control agency. Later, citizens sued the company CDA.

To explain: The information the city must sent to every household where it supplies water.

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Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of €13,800, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icon to import the table into a spreadsheet.) Period Days Forward spot 1 month C$/euro 1.3347 1.3370 US$/euro 1.3219 1.3224 m 2 months 3 months 1.3392 30 60 1.3229 90 1.3235 180 1.3438 12 months 360 1.3464 1.3239 1.3269 6 months 1.3416 Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian dollar amounts to the nearest cent.) Days Forward Premium C$ Proceeds of Difference Period Forward C$/euro on the C$/euro €13,800 Over Spot…