You sell a 2-period covered call on 100 shares of a stock currently trading at $25.00 per share. The strike price of the call option is $25.00 per share. The risk free rate is 25% per period and in each of the next two periods the stock can rise by 40% or fall by 20%. If the stock goes DOWN in period one and UP in period two, what is your accounting profit after 2 periods? Assume that you maintain the hedge by buying or selling the appropriate number of shares each period.

Extra credit – 1 pt Professor Gardner found that figure (the one with Cell #1 and Cell #2) on the internet, and though it’s nice, there is a mistake on it. Can you spot it? What is the mistake in this picture? (More than one possible answer with good justification)

Long-Response Questions: 20 points eachNote: A minimum of 150 words required. You can choose to answer one, some, or all of the questions below: Analyze the significance of the transatlantic slave trade in creating economic interdependence among Europe, Africa, and the Americas. How did the discovery of the Americas transform the economic systems of Europe, Africa, and the Americas, laying the foundation for the Atlantic World? In what ways did European colonization efforts transform Indigenous societies and their cultures in the Americas? Analyze the significance of the transatlantic slave trade in creating economic interdependence among Europe, Africa, and the Americas.

A nurse implements a back massage as an intervention to relieve pain. What theory is the motivation for this intervention?

A nurse is feeding a client. Which action will the nurse take?

A client who had a recent amputation below the knee tells the nurse about feeling as though the toes are cramping in the missing leg. Which statement will the nurse use to educate the client?

A client who has breast cancer is said to be in remission. What does this term signify?

When a person rubs the site of an injury that has just occurred, this is an example of what? 

A nurse is caring for a client who is unconscious. Which guideline is recommended for communication with this client?

Insanity refers to mental state _____; whereas competency refers to mental state _____.