Homework Answers
Answer is 0.2
PRICE ELASTIC OF DEMAND FOR GAS.
The formula is = % change in the quantity / %change in price.
GAS PRICE INCREASE BY 25%
AND
GASOLINE DECREASE BY 5%.
= 5% / 25%
= 0.2 is the answer.
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into natural gas, which is used by a large percentage of homes for
heating.
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given in the following table:
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at 25 °C of the gas. 5. The density of a gas 305 Torr, Calcuiate the moiar mass is .940 9/L and
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into natural gas, which is used by a large percentage of homes for
heating.
The returns on your position will depend upon the weather as
given in the following table:
a.What is the expected return on your natural gas position?
b.What is the volatility of the natural gas returns?
State Severe cold 0.075 Normal weather 0.7 Severe heat Probability Return 00.5 0.3 0.3 0.225
Problem 2. Forward prices and value [25 marks] a) [5] Suppose there is a 16 months Forward on 1 share of non- dividend paying stock traded in the market. Current stock prices are $50 and the Forward price is $57. What is the interest rate (continuously compounded) implied by the given Forward price? b) [6] Suppose that actual interest rates are 7% per annum (continuously compounded as well). Find the Fair price of Forward contract and explain your arbitrage strategy....
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